We have just had a night to forget - the perfect negative...

We have just had a night to forget - the perfect negative storm.
* Dow down a couple of %
* oil down to around $78
* Over supply of oil due to stalling world economy(business Channel)
* Oil could go as low as $50/barrel(business channel)
* Europe- say no more
* Gold/ silver/copper off the edge

This could not happen at a worse time for WHL who are still trying to put a Farm in deal together. problems I can see now are -
*There is no rush due to slowing economy
*Oil dropping like a stone means some of our plays will be simply not worth the effort
* Cash

Time to get the lubricant out because where about to cop it fair in the freckle.

I'm still a believer and there will be excellent buying opportunities ahead but hell its hard.


Scobie