RE:RE:RE:PostersI had sold out a significant amount of my Athabasca and Baytex in June 2020 . Athabasca above 3$ and Baytex bwetween 8-9$ . I sold more Athabasca Oil last 2 weeks at 3.2$ ish .
This new deal reduces breakeven price ,so a more resilient company. Interest rates are falling ,so if they get a good deal to support notes for Ranger Oil financing might work well .
Those who played oilcrashes during recessions remember that oil demand recovers quickly in recessions as we climb out fo recession . Look at 2008/2009. In a year we recovered and oil companies are stronger currently than in 2020.
https://www.investopedia.com/ask/answers/052715/how-did-financial-crisis-affect-oil-and-gas-sector.asp