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Strategies & Market Trends : Dividend investing for retirement

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Thehammer
To: robert b furman who wrote (21253)12/3/2014 11:53:27 PM
From: lightfoot1 Recommendation  Read Replies (1) of 34328
 
I heard today that Whiting let 3 of 6 drilling rigs go in their newest shale play in Colorado. In North Dakota the KOG rigs go after the closing of the deal. They have some star performers that are drilling these wells in 9.5 to 13 days per well to 20,000 feet, these will keep working. Oasis is going to cut 5-6 rigs from their current level. Continental, Hess, and others are going to trim their fleets as well. It might be a trying few years like 2008 to 2010, depending on how the price holds $60
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