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mweiss said:
That's a reasonable guess. Hard to say if it matches what actually happened, though. In any case, $40/bbl didn't really sound out of line at the time.FrugalFlyerv2.0 said:1) still I'm still left with the impression that US management crafted a not-so-great business plan. It looks like they ran the numbers and saw that the only chance in he11 they have of surviving is with oil <$40.
No, though it did dip below $40 in December.2) when US filed for chpt. 11 was the price still under $40/barrel?[post="253899"][/post]