Post by
svsingh83 on Mar 15, 2023 9:03pm
Revised Outlook
Will affect SP tomorrow. Buckle up.
Comment by
Billybabin61 on Mar 15, 2023 9:16pm
This shouldn't be a shock to the market, Tonkin said he would do exactly this if NG prices tanked. Now it has materialized. I believe it would have gotten beat up more if they would have slashed the div. I imagine there will be many more O&G companies trimming capex or delaying it like BIR.
Comment by
barneyj44 on Mar 15, 2023 9:25pm
Smart move by Tonken , doing exactly what he said. I believe the Ceo of Chesapeake Energy said NG companies should cut back production to get prices up and others will follow suit. If she goes lower I'll be adding. Still think this company will be purchased or merged in the future...
Comment by
svsingh83 on Mar 15, 2023 9:59pm
PS Long-term prospects are good.
Comment by
TouchDown12 on Mar 15, 2023 10:54pm
I own CR and they did the same thing last week.... and were actually rewarded before this downdraft. I think there will be more macro-factors moving this stock then a small adjustment to production. I agree it is a great company. GLTA TD12