These guys have always been at drilling and finding oil, never been able to complain in that department. Maybe they could use a refresher course in marketing and sales.
Today's drop was not the blood bath I thought it might be, seems a few people are seeing the bright side again and holding their nerve. Another couple good wells and cash flow will improve. Anyone have any idea on number of wells with our average flow rates it takes to generate enough cash for a new drill each month?
Achieve that and you can become a self funded developer of fields.
TXN Price at posting:
35.5¢ Sentiment: LT Buy Disclosure: Held