RE: 1QFFO/ share compared to share price- Industry comparisonThe other factor to consider is debt. Some of these, like OBE and BTE and ATH, are highly indebted.
OBEs Debt at around $480 M is about 8 x their annual free cash flow this year, per their May investor presentation.
During the last six years of pain some of these companies have turned themselves into zombies, the walking dead. for a few years at least.
US shale companies in the same boat, which is bullish for oil prices overall.