JG, "Leavin' Texas, Fourth Day of July..." Love Jack Straw from Wichita, though it wasn't nice what he did to the Watchman. -g-
I love the exploration cos. I am not a great believer of Opec's price cuts, but, simply stated, oil is still priced high enough that if you find a bunch, you make a lot of money. And the cos you mentioned, along with producers like Plains and Seagull, are small enough that any find is highly leveraged on their balance sheets. With the majors backing off a bit due to lower crude prices, that frees up more rigs for our boys to go out and find that black gold, Texas Tea. But we all know that Jed Clampett only needed a squirrel gun. -g- MB |
