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Edited by JJCar

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4 hours ago, JJCar said:

Not sure what this means for small to midsize producers or private producers.  I guess they can survive as long as oil stays $60 and above.

Unlikely, as Super Majors will underbid them. It will be a feasting on the little guys. This will only happen if the Majors keep merging. Like most industries, join and get paid or get put out of business. The Walmart theory (which seems to be working.)

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