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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: damainman who wrote (172649)12/19/2008 3:07:49 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
That and a very low cost of production and already-covered drilling programs. I'm not sure BPZ is hedged at all, I don't think they are. But they're operating costs are projected to be in the $10-12/bbl range, they might have to decelerate their exploration in response to low prices but they can handle it....