Vicious J curve theory

To me its a race against time.
The POO is likely going much lower in the short term, maybe as low as $20.
The damage being done to the entire oil industry is immense.
That's what the Saudi's want (in cohorts with god knows who?)

They will drive half the industry broke.
There will be hell to pay of course but that is another story.
The upside for any company that can survive this crash is enormous.
Oil will likely explode to $200.
So much capacity will be destroyed, so many companies will go broke and as we know, the long lead times with oil will see this current glut turn into panic buying as supply dries up.

I said awhile back i wish they had of tapped the market earlier and got our cash position up to at least $70 to $80 million.
Now it is a matter of if we can hang on.
We are reasonably positioned but it will get hairy.
We are going to be tested.
Nerves of steel required.
Good Luck.