Thanks Lynn. Good links. Remember to be open minded. Oil peak side presents one side of the story most of the time.
Thanks Booster for clarifying my "rumbling" on Covenants and Credit facilities from professional point of you.
My "red light turn on" at the CLL Q3 conference call when DG was drilled by annalists. DG answer to my questions were not clear so I had to learn myself.
Rebels, I started my post before your PM and finish after. Your DG email did not bring any new info on this subject. IMO by now everybody understand the Credit Facility problems and the solutions. I can rest in peace on this subject.
Brian, I also see the Henry Groppe on the BNN this week. He is my "hero" on O&G sector and I learn a lot from him. His $80 forecast is mainly based on the increase consumption due to low OIL price and the short covering on the future markets.
He always complains about the reliability of data provided by supply and demand side. Hope hi is right but Contngo traders have different agenda and who knows when will they be burned on this trade.
Thanks to them almost all available storage is filled with oil, creating a huge overhang in the supply and demand, keeping the spot prices down.