hey, theres no way on Earth oil will ever get to $25 again... Opec is already cutting output, they will continue to do so... Saudi Arabia will shut production down if it got to 35 bucks... many asx oilers wont survive because there are around 100 with less than one million dollars in cash... ELK will survive... many wont... IEA report last week was a major, and the Media spun the whole thing... its a good read, I highly recommend anyone interested in future price of oil to read the IEA report... One of the most important publications that has come out all year on that topic... GL tomorrow... peace out.. later...
ELK Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
