RE:RE:why is it going downYour like an old man perma basher.
Look at the RSI it is over sold and the OPEC deal is reaffirming itself. The oil curve is in contango again, so every month when the contract rolls over the price is higher.
Now as per your silly points about the companies margins, have you even read their financial statements? They are hedged in a 3 way collar between 40/50/60. Finally 70% of their CAPEX this year is in the eagleford where their margins are SIGNIFICANTLY higher. oh did i mention their CAPEX is HIGHER than prior years?
You keep saying bankrupt but they are FCF positive at $40 a barrel, what makes you think they wont be now?
My 2 cents is your a perma basher whose been selling calls.