Feb. 20 at 5:36 AM
$GTE I want to be excited with this new development but if oil prices don't cooperate I don't see the cash flow to continue development in Canada, Colombia, Ecuador, and now Azerbaijan in additiin to paying their debt obligations. Gary is going to need at least a year with oil
$85+ or we may just be languishing in the
$4 -
$6 range a long time. If oil does drop to the
$50 range for awhile they will sink as they have no wiggle room anymore. Gary does not understand the meaning of deleverage.