get this..texas land sale values txn at $3.51, page-13

obviously the planet, and many i have noted here on this forum have been commenting on future oil prices, and many imho are dreaming..

anyone convinced oil is going to go down any time is absolutely deluded..

if you read the breakeven prices just posted by opec for their members. it begins to shock..

iran is $127 now.. $20 higher than 2 years ago and $17 higher than the present closing prices. i wonder how much longer they will support the losses?

so the combined opec members breakeven average price is no longer $77 it was a few years back. its now $99

WTI for texon, even with its premium, is currently under the opec breakeven price (averaged)

i dont think you will see price drops to $35 again, and i doubt the opec members are going to open the taps up and allow crude to be trading under breakeven prices forever..

will WTI stand alone and plunge to $60 or $80 ever again?

I really doubt it..

so imho you would have to see the more astute oil companies want snap up an asset like the texon efs asset pretty quick if your pricing its sale for anything under $99

so will texon give this up for a song? and will it ever transact a sale?

the EFS is one of the best onshore oilfields on the planet.

come on texon... make my day and give the long term holders a long awaited reward for their investing and supporting their cap raisings..


all imho and dyor