Providence Resources - Re: PVR Stream Log - 40$ a barrel is probably...

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Re: PVR Stream Log
23:03 12/12/2014
linkoping
0 replies 0 0

40$ a barrel is probably a good thing if PVR still manage to pull off a deal for BROE, 15 percent and counting of the shale producers are in trouble. 40$ a barrel is unsustainable for everyone. I read that oil prices should recover to 80-90$$ a barrel by H2 2015. Hopefully will be well over 100$ a barrel by the time PVR start producing. Low oil prices never last not at those levels anyway. Plus Barryroe has its own market selling to the Irish.

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