conserve cash on hand stop all drilling batten down the hatches reduce production try and weather the storm. Alot of shale oil companies will go belly up when the storm passes there will be less competition the surviving small oilers will be in a stronger position. The Russian and OPEC will eventually kiss and make up and reduce oil outputs and China will ramp up and oil price should bounce back. but it will take a bit of time for all this to happen. September i was up about 90percent now I'm down 50percent. i also hold WBE at 1.1c. everyone is getting hammered
conserve cash on hand stop all drilling batten down the hatches...
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