RE:RE:RE:one line says it all in press releaseYou are making some good points ; to put it simply the news release gives readers hope and caution.
Years, back , I invested in a company , Gasfrac Services bought by Step Energy in 2015, that collapsed and was sold for pennies on the dollar ( 10% -20% of book value) . So , the book value argument....... and hence my caution. In 2015 the oil industry was much healthier.
You mentioned ESN and HWO as healthier but, the whole sector is simply a nightmare and what was a great area of fthe stock market to invest in is now highly problematical / uninvestable , I don't see it going back to former highs ; the question is , is there value at this time/price ?
I don't find the value in CET that i find in MCB .