Brian ,Rebels

Yes I also have a mixed feeling.

As we focus on sp it's probably more a pressure on the downside in short but on the other hand it's a good move considering POD 1 curtailing in light of the current oil price.However I should have waited after Opec's decission which IMO could supported our sp and turned the chart in a more possitive situation.

When I started up my computer I first looked to oil price and saw it at around 50 so I was surprised later to see CLL's sp below 1 again.Then I found this news.

But for Algar I'm not so convinced.Rebels thoughts about oil price at 25 is a possibillity but I don't think this will happen .But if DG has this also in mind he probably took this action to have some more cash in hand.It all will depend how things evolve next year and the delay is not significant.

Looking back we are now at situation before 2006 with MRC as the most contributor to earnings.Now with pod 1 at half production and lower price I don't know right now what will be the trading range.