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What will SP Be If Oil Stays Around $50 My guess is fourth quarter will be a blow in spite of hedges. Anyone know how far out the hedges are for? If oil stays around $50, FY2015 earnings will drop probably 50%+. That means almost certainly cuts in exploration/development and no dividend for a while. The current yield is history? Probably a long-term buy at $9, if they survive. Buy-out candidate? |
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