Some interesting articles predicting no change to production at the OPEC meeting.
It looks like the Saudi's still want a deal this year;
http://www.techtimes.com/articles/1...-oil-production-if-other-producers-follow.htm
"While Saudi Arabia is not expecting a formal deal during the OPEC meeting this week, they are hoping that an agreement could be implemented by 2016, said Energy Intelligence."
"Saudi to propose one million bpd cuts ... if ... Iran, Iraq and #OPEC join cuts. In other words won't happen. Whoever does cut will lose market share,"
If the Saudi's drop 1M, coupled with a drop by Iraq and Iran - Perhaps FAR could be the luckiest company on the planet.
We negotiated a RIG in cheap Oil and could have results presented in a spike.
Let's see how it plays out, no doubt some good buying opportunities in next few days. Hold on tight, I know I am
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