This is from the CEO of Devon, David Hager, via CNBC:
“Now you’re starting to see the decline, and I believe you’re going to continue to see the decline as you move through 2016,” said Devon Energy CEO David Hager to an audience at the annual IHS CERAWeek energy conference this week.
“Right now to summarize it: $30 and $2 does not work — $30 oil and $2 gas,” he said. “Most of us are in place to make sure we can survive, and make sure we are in place when it turns.”
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