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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (54789)1/14/2015 8:18:12 AM
From: robert b furman1 Recommendation

Recommended By
ekimaa

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Hi Jurgis,

If rates stay low, debt can be easily justified if the purchase price is beneficial.

The big question I see is: are shale properties cheaper than deep water expressed as cost per barrel?

Mexico is allowing well capitalized explorers to open up their Gulf of Mexico waters - they have huge coastlines.

It could very well be a fertile region for oil.

Lord knows Macondo proved there is a lot of oil down there.

I'm not so sure rig will be acquisitive - rather it needs to just go back to work.

I see cop, cvx, xom to go on the acquisitive path and buy up what they missed - shale plays. The premium of land must come out of that first.

Bob
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