Dumping or accumulating, page-8

With last friday's OPEC decision to have no lid on production, the POO has crashed. As I write the WTI is $37.77 This is why E&P companies such as MAD have been smashed. MAD's buy volume has been very thin which is why the selling has had a devastating affect on the price.

Listen to the commentary on this link & you'll see how much pessimism there is in the US.
http://www.cnbc.com/2015/12/07/cramer-opec-meeting-devastating-for-us.html

MAD was looking at assets that could be profitable at $40, now POO is below that and headed lower. The good news is we haven't bought anything yet & more properties will come onto the market at distressed levels. The bad news is that we may have to wait a bit longer. Many articles point to the fact that the longer POO stays at these or lower levels, the higher the price will rebound to due to lack of investment with normal production decline rates.

They say Russia will be broke by mid 2016 if POO doesn't rebound. Of course they are helping the over supply with record production, can't see them letting the ME send them broke without some reaction. The ME is already a tinder box. Interesting times while we wait and wait.........