WSJ on Total Cuts

[Putncalls]

"Total SA of France said this year it had cut its break-even oil price by more than a third, to $70 a barrel from $110 last year."

I guess their best guys are going to vie for a juicy low cost project. Looks bullish for IOC!!

http://www.wsj.com/articles/oil-companies-spending-cuts-unlikely-to-be-enough-1438720142?ru=yahoo?mod=yahoo_itp&mg=id-wsj