Totally agree. Instead of shale oilers capping production, the idiots are pumping as hard as they can below 50 $ a barrel. Wouldn't you want to keep some reserves for the future? This will take a few years to play out... keep energy stocks in the bank until 2019/2020. I highly doubt Beach will be trading at these levels then.
Ann: Monthly Drilling Report June 2017, page-14
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