Eshmun - looks like your call of a dollar by year end will be...

Eshmun - looks like your call of a dollar by year end will be way off as was the call that I sold SXY early . The key issue with CB stocks is the difficulty of reserve replacement in a period of low oil price will be very very hard. So this time next year all of them would have produced more 2 p reserves than what has been discovered. Add to the fact that as of next year BPT/ DLS will lose the protection of the higher hedges and we have a multiplier affect , lower reserves equals lower protection equals lower revenue etc etc