RE:RE:What will it take...Not bad news at all, I am merely waiting to pick up more shares on further weakness. I always look to where the puck is going not to where it is. The industry will climb out of this soon enough. To bet against crude is to bet against China. As far as nat gas goes ,I have already stated my case
Here for your enjoyment is a forecast on future rig deployment by Raymond James. Personally, I think they are overly pessimistic . Also note that frac spreads are already significantly down and the USA has essentially run out of useful DUC s as evidenced by a slowly rising count !!
U.S. rig count outlook cut by Raymond James on low natural gas prices | BOE Report