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| Re: Frack sand traffic (1329140) | |||
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Re: Frack sand traffic |
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Posted by JAzumah on Sat Dec 20 11:32:03 2014, in response to Re: Frack sand traffic, posted by Broadway Lion on Sat Dec 20 07:42:14 2014. The breakeven for Bakken is $77. The funding for many of these companies to ramp up may be tied to the oil price. At some point, funders may cut them off and they may have to scale back involuntarily. The rate increase would be another straw on the camel's back. We are below $60 right now and the bottom is expected at $40. |
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