Ann: Operations Update, page-35

Valid points and it all comes back to the price of oil in the future. This is a massive tree shake... The likes of which we may never see again in our life times... The producers are getting burnt , but not the consumers. There is only one outcome in all this and that is the strong survive. But at what cost ? Consolidation , less production , next to no exploration and all that on a finite resource that everyone is using as if there is no tomorrow. The Bounce will be huge ... When it occurs?
But the tree shake will carry on way past our limits as day to day stock watchers. This is a game played out by particpants that have an end in sight, though it is out of our range of vision for now. I hate the waiting and I intensity dislike the not knowing but I place my believe in fundermentals and that says that there will be an imbalance to the negative soon...that even the most wily of hedge fund managers will be unable to hide.
Buru imo is in a good place atm ... Strong partner and loads of onshore reserve potential. Let's see if they can ride the storm... My money says they can and the latest move of rationalisation makes me even more confident, in a time of huge insecurity.
We'll see ...Happy Holidays to one and all !!! ... and if we are having this same conversation this time next year I' ll be baking some humble pie