Hi. TLM saying this: "It is very material...it is an opportune time to lock in lower prices for rigs and all that other equipment," he said. "It allows them to go back and contract out for another few years at trough prices."

I mean, it goes for qec also and qec have money for 12-18 months. Maybe they could merger. How about TLM to buy TSU(their 50% TBR) they have financial troubles.

If they want to buy, yes they would go to the shareholders and ofcause qec and shareholders can take bids from others.We have no A and B shares, so I think one share one vote and could be 66% yesvotes needed, but I dont know.

------------------------------------...

News that you may have missed :

Mexico's Woes: Quakes, Flu and Oil Production Collapse.

Mexican oil production fell 7.8 percent in the first quarter of 2009 to 2.667 million barrels per day. This means that production kept on falling right through February and March, as January’s production had already been recorded at 2.685 Mb/day. While it’s not impossible that through an unusual set of circumstances–say economic collapse that shuts production down to very low levels for some time–that Mexican production could rise back up briefly and touch previous high levels, it is unlikely. Besides, an outlier month or two back towards 3 Mb/day is not really what the Energy Ministry has in mind, in their cheery outlook for 2015. They are talking sustained production at 3 Mb/day. That is not going to happen.

In general, it is nothing less than astonishing that Mexico’s oil production collapse is not one of the biggest stories of the decade, especially for the United States. The trajectory here is on pace to take Mexico’s output from 3.4 Mb/day as recently as early 2005, to 2.4 Mb/day perhaps as soon as this Fall. That is not only a huge percentage for Mexico, but it’s a large percentage of total North American supply. If you believe as I do that geography is going to reassert itself in the years ahead, these declines are fated to unleash an even greater impact.

http://seekingalpha.com/article/1334...

Could be one reason that oil has to be above 50$. I dont know about their NG production yet.