If you lok to the chart at longer timeline then it's clear to see how big the spike was in a short time.So at 75 in mid 2006 there was a first attempt to place a top but failed .I would not be surprised if we drop in pieces towards that level on a longer period.

Suppose we reach that level what will be the impact on CLL SP?

From recent file posted here the impact from WTI price is lower then impact from dropping output.Can we calculate if we should reach in worse case that level that he price they get by then will be half then price at 145 top ?

So it would be interesting to put that in the spreadsheet to see how much cashflow/share we have by then?

Oil is a strange thing in behavior .Now Europe is also in trouble it seems more evindance that the US will recover sooner so that will support US $ against the € .

Suppose oil drops to that level then MRC could make nice money too.I'm almost sure looking to that chat that it will take years to go over the 145.

Numeric data is available, click here for information.