FT, the last figures we have for TGAs consolidated cost of production of a bbl of oil is under $10, from the 3rd Q 2018 financial report, but we never show a new profit, only positive cash flow that allows TGA to be functional and even pay an occasional div. I fully agree that oil prices may be volatile within the suggested price ranges. However, the USA still needs to import 40% of it's oil needs, currently around 18MM bbls/day .down from the 20MM bbls of some years ago. Pres. DT thinks the US can become self-sufficient, but he also thinks coal is clean. His ideas would drive the price of oil back to the $20s dry up supply, but its not likely to happen.
We still need a positive report of production progress from management .