Interesting shiftOil is down close to $41. The company would likely lose money if they were to start operations tomorrow, yet the share price jumps on no news.
This seems odd. While there may be news that leaked that hasnt been released publicly, I'm still surprised at the movement.
According to the website, the netbacks at $60 would be around $13 per barrel.
Oil is currently at around $42-$43. Not likely breakeven territory.
does someone here know something that I dont?