Overreaction? Definitely an overblown overreaction, (I find energy markets to exhibit bipolar behavious and not be too grounded in fundamentals lately). I do expect recovery in price by ~5% over the next week but time will tell. This is something I plan to hold for a while so daily movers really don't worry me too much. With a big price cushion from pandemic I don't see beeing in the red no matter what so I know my risk tolerance is a bit different then that of other investors.
I am here for dividends and want to definitely wait for Q4 and Q1 where the impact of the $400 million deal with Pembina will be clearer for operations and margins as well as decrease in interest rate payments from that 400M proceeds to be used to pay down debt and on some of the other debt may come into play especially if another 0.5% rate reduction from BofC happens (potential small ~40M positive impact y/y? guestimate so don't ask how I got this :) ).