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The Water Cooler
General Discussion
Are low oil prices helping or hurting you?
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<blockquote data-quote="LOKNLOD" data-source="post: 2790544" data-attributes="member: 4165"><p>Buying them (Us) now would be like taking a bite of a **** sandwich, but not knowing how long you've got to chew it for. The majors could maybe afford to take the bite if they knew they would swallow it fast, but with so much uncertainty for now it would be like having to chew it indefinitely. Not worth it. </p><p></p><p>CHK is trying but not reducing debt fast enough. Burning about $1B/quarter right now.... Started the year with $4B and have $2B left. </p><p></p><p>I don't have the fix, but it's gotta be something major.</p></blockquote><p></p>
[QUOTE="LOKNLOD, post: 2790544, member: 4165"] Buying them (Us) now would be like taking a bite of a **** sandwich, but not knowing how long you've got to chew it for. The majors could maybe afford to take the bite if they knew they would swallow it fast, but with so much uncertainty for now it would be like having to chew it indefinitely. Not worth it. CHK is trying but not reducing debt fast enough. Burning about $1B/quarter right now.... Started the year with $4B and have $2B left. I don't have the fix, but it's gotta be something major. [/QUOTE]
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Are low oil prices helping or hurting you?
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