Ann: Atlas increases low capex production & defers Corunna Downs, page-28

I said they did let IO price cloud their judgement. I am sure a lot of us let IO price cloud our judgement when we bought AGO because of spot price.

The lemming move would to be to continue down the path without thinking. I have called for CDs deferral for a last 1-2 months and its happen. It confirms to me management are still making the right choices at the right time. Atm holding off investment is the right choice. Going into CD at the time may have been the right choice at the time but at least they are not pig headed about now.

I would be more worried if they were still proceeding under current market pricing.