All TTE needs is $60 oil. In the meantime they are just hunkering down and relieving cash flow.
Oil goes higher. just got to tough it out and exploit the assets later. Oil will be $70 next year. If you don't invest in a growth market you go down hill. 3 years of nil'capex is going to see one of the biggest rebounds we have ever witnessed.
Go long on oil.The next few years will see spectacular gains. If TTE can survive then it is game on.
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