Slump in oil price hits WOR, page-32

Can't understand the 2nd part of yr post. I opened shorts at a bit below $11.00 and still hold 2 from 3.

Re what will WOR be if crude hits $75? It depends how long crude takes to get there but i reckon SP will be about 12-13 maaaaybe $14 tops. It needs oil to hit and stay above $75 before any major new projects are considered let alone signed-off on. Then even should WOR get its fair share it will be at margins below half those earned just 18 months ago.

I've been bearish re WOR for yrs when SP was above $30. To think the SP was $53 Christmas time 2007!! Can go lower still imo. I'll close out should it get to $8.00.

But if readers want to buy then go for it.