(END) – non-commercial hydrocarbon levels present. The Balgownie well has been plugged and abandoned. That’s going to hurt in the morning. This had a 1 in 3 shot at success. The odds won out. My best guess is that the stock gets whacked in the morning towards the $1.75 level. Recall that they are still […]
Brazil Watch: (PBR) Union Workers Threaten 5 Day Strike. This can really rally crude. This is not a “warning strike” as it has the specific purpose of cutting oil production. The problem is wages (again), talks have “broken down”, and the strike, while not a certainty, will take some time to get off the ground […]
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