Yours shares are down, but don't forget this.
Cardinal, BTE, SGY etc based their 2022 production and record cash flow on $90 WTI. $75 was there low target. On the low target cash flow is significant. Oil already averaged well above $90 this year and half the year is gone. Now in 2023 those projection at $75 WTI will be even better because there will be lower debts for most oil names. Check their investors presentation. Lower debts means lower interest payment. Most names have already started share buy back so that improves the EPS. Oil inventories are still well below 5 year averages. Admittedly last EIA was more bearish but thats with large SPR drawn down. With oil volatility producers will cut back on increasing production again most probably until the can get a better view of where things are going, until then they will focus on shareholders return