TNX BBQ for reply.
I guess for CLL is hoping that the wti price can go to a level they make good cash flow.That's probably the most important fact.Therefore we have Opec on our side who will try to at least stabellize the price and with some luck push it towards 50.
Reducing operation cost by using better tech to improve the yield.
Many analist had predictied that the Dow would not hold the support.Maybe this is the last leg down .It's an evidence that now all industrial zones are hit around the world and many companies had taken actions to reduce cost by firing people or other cost saving plans.At some point there is a level where reduced demand will meet the supply .But it's clear this mess will not be over very quickly.