Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/breitling-energy-well-positioned-to-withstand-curr.shtmlBreitling Energy well positioned to withstand current commodities downturn
Breitling Energy Corporation says that amidst falling oil prices comes increased speculation among analysts and pundits regarding various
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Breitling Energy Corporation says that amidst falling oil prices comes increased speculation among analysts and pundits regarding various exploration and production companies' sustainability if prices remain at this level or lower levels for an extended period. Some oil and gas executives have updated the market stating that their companies could sustain profitability at various price levels below today's market price.
Recently, the Company filed a press release and Form 8-K, announcing the expansion of its Asset Management division. This business model enables the Company to operate profitably, with healthy projected cash flows, in this current market of declining commodity prices.
