My guessMy guess is a lot of people are still concerned about interest rates, prices dropping, taxes rising, and political attacks on oil and gas.
Even with PEY at $14 to $15 range, nice day but most probably think it may not last.
Many are only sitting tight but not happy yet.
$30 to $40 range for anyone that bought as much as possible may get you there.
As I said before $30 to $40 is only a start at the end of 2023 should these prices persist.
Each and every month we maintain these prices regardless of downturns in the economies is another gold brick of value earned, another well paid off quicker, another buck sent to debt or to infrustructure.
Five drilling rigs has to have an impact going forward.
LNG is the key to keeping demand up.
Thanks to Russia and greenies.
Someone said today that Russia is actually getting twice the price total from oil and gas prior to the war. Why would they want to stop?