Post by
fauxtomato on Jun 23, 2021 2:22pm
Finally some volume
~800k shares by 2pm today, it's been 6 weeks since 1M+ shares have traded, and often 200k or less. No many sellers, so a little bit of interest could drive this way up. Up roughly 20% in a month, what happens when they actually announce some news?
Cracks spreads at PGR, even with the run up in WTI still ~C$55 on gasoline/ulsd.
Derivative liabilities should fall as longer dated crude has moved up and Canadian differentials are also up Q/Q. Q2 shouldn't have any surprises but will be a nice squential move from a good Q1. Would be nice to get the Pioneer funds applied to the balance sheet before end of quarter to print a much improved net debt and we can drop 'pro-forma'