MHO only ... if europe collapses, then we'll all be toast. But...

MHO only ... if europe collapses, then we'll all be toast. But if europe sorts out it's issues it doesn't matter that drilling has peaked (if that's true). If the world economy is not threatened then exploration drilling will continue to be available. But BLY is well diversified and is not dependent on exploration drilling alone. Last time I held a massive holding of BLY was in the dark days of the GFC. BLY management handled it really well even though they were caught by surprise they were swift in cutting cost. What impressed me was management was quick to take a voluntary 10% on their salary in addition to other cost cutting initiatives. I haven't checked if those in management back in 2009 are still at the helm. If they are then I think the company is OK. Will do some research myself.