Good morning Salt,
"Nobody expects this current situation to continue for long......
Its ok if U can hold on for a bit.."
I basically agree with you, also talking to a guy in the Fund Investment game, he said that those wells in America (shale) have a very sharp decline rate; and we are looking at months, that's why they have to continually drill new ones to replenish the decline just to be steady. However, they have not been doing that since the drop in the POO, so very soon now, the effect will be felt and when it comes, the change will be very rapid.
The report from Junior Oil Trust instils a bit of confidence in our thinking; like yourself and Discovery4, faith in FAR and CVN! These are their top two in their portfolio. Good luck!
KKW
CommSec’s Tom Piotrowski speaks with AC, page-20
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