I for one don't hear the death bells ringing ,as some others do . I think this is a good financial arrangement , given the circumstances ' Furthermore there are many more levers that could be pulled if necessary . I think the positives far outweigh the negatives . The outstanding problem , as it is for all in the industry is the oil price , and there are many many moving parts in play . But in the end , every producer is either going broke or is already broke . There is no need to listen to the hubris from the Arabs or Russians , or the rest of OPEC , money rules , and this will not last much longer ......
MRM Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held