Great news,if this does not give us a boost what will!!.....Hopefully will be a bit of a scramble tomorrow for all the he cheap oilies. We may become more attractive given we have decent production already with a good chance of increasing substantially .Also a lot of our 'wrote down' assets may have to be re assessed.GLA
This is a historic deal. This is the first time OPEC and non-OPEC will agree together in over a decade. This should put a floor on oil and should see oil move back toward the $60s," Phil Flynn, analyst at Chicago-based brokerage Price Futures Group.
"The cartel proved that it still matters even in the age of shale! This is the end of the ‘production war' - OPEC claims victory."
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