You are looking in the rear view mirror
Avg Oil price for Sept qtr was around $40/bl
Avg Oil price for current qtr will be closer to $50/bl
So with costs close to $40/bl you can see why this makes a big difference
I'm expecting an Oil price of $75/Bl in the next 3mths call me crazy but let's see
Cliff Head is blue chip like Oil field and highly leveraged to the Oil price so if the Oil price does what I'm thinking it will then maybe just maybe TEG will offer that high leveraged move as it gets valued blue chip like as opposed to penny dreadful spec
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