Thursday, August 9, 2012

Random Comment Re: Dropping Rig Count

2 comments:

  1. Continental call re: nonconsents.

    Big news.

    Companies pulling back.

    Will the rig count drop to 150-175?

    anon 1

    ReplyDelete
    Replies
    1. The CLR transcript is full of information; I have yet to go through it slowly.

      Rig count in North Dakota? The Bakken is one big laboratory. My hunch: the operators don't even know for sure where they will be a year from now. I think it's fascinating to watch.

      Whatever one can read between the lines,it appears that investors liked what they heard with CLR -- share price up significantly today.

      Delete

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