RE:RE:RE:RE:This is the bigger pictureEven bigger picture....when they released budget for 2019
in early December, stock was higher than today. The budget spoke of breakeven
at $52 oil. A positive given it would mean debt would no longer be going up. Living within their CF was welcome news. Now oil is at $60+ not to mention tighter diffs and weaker Canadian dollar (better fx translation for US$ priced oil).
couple that with their strong execution over last few quarters and you have the makings of a bet that I would way rather be long on than short.