RE:The importance of a quality management tea.Great Post Joseph. I have a lot of the same convictions and sentiments towards the company.
Unfortunately the market doesn't seem to share in this perspective just yet, but i'm trying to remain optimistic. $64 oil and the stock is again struggling to test 7.
I suspect if oil rolls over to test low 60's, we will see low 6's yet again. It looks like Q1 ER, and potential dividend commentary are the hopeful catalysts.
The jump in rig counts last week was less than inspringing, and leads me to believe that there isn't much remaining runway to WTI past mid summer. Looks like many US shale operators sadly still just don't get it/ care, and that ties in with your remarks about compensation structure. We could be facing a slack oil market and accompanying differentials again going into q3/q4 timframe, a repeat of last year. Hopefully production curtailments can remain flexible and accomadating, they might very well need to be incrased in H2, especaily if there is no further progress on TMP.