As much as I would like to see a good oil price I think it will hurt us more than we profit from it. It wasn't a funny thing for me being on vacation last week when ZOOM Airline filed for bankruptcy protection. Many other carriers are presently suffering the said fate. A lot of services would be cut also.
Oil at $95 to $100/barrel, I still think companies could still make a decent profit and sustain a fair economy. I don't feel the price of oil even had much of an impact on companies like GNZ. The fact remaing that we will not be producing anything for a while.
Would have been nice to see other properties of GNZ providing some cash flow. I can't imagine today 0.20 is so difficult for GNZ to maintain. Today it's more of a game of chess that investing...... I would sit back and watch the game.