RE:Still think...The biggest problem for 2024 and why I think further too fall...is HOW CAN YOU STOP CAPEX?
How can Bne or IPO or YGR or Petrus really lower amount of wells drilled for 2024?
Cause then you have a situation of both lower volume and lower prices..called the double trouble ball vice grip...
You end up in a situation in which CF equaling (if lucky) capex per quarter is the best case scenario.
Thats why investors are dumping these names and no trading volume.
These cardium players are likely too fall to a price level in which these companies production levels are lower which they will be if stop drilling.