@Huz,
Great conspiracy theory about me down ramping and not believing what I write.
Unlike you (and others with blinkers on), I work objectively based on facts alone.
Below are two announcements (they even have the dates on) that corroborate everything I've said (and prove that your conspiracy theory to be incorrect).
Both these deadlines have not been met.
- First one shows 50-60 wells were expected end of FY18 (i.e. July 2018) - fail fail failed
- Second one shows 60 wells were meant to start Q3 FY19 (i.e. March 2019) - fail fail failed
As for the poor flow rates, I've already posted about this on here against the announcement.
We are at 6TJ (fact), we should be at 12TJ (fact)
I get that you are invested (as I am), and hope that everything is okay.
However, there's no point hiding from facts (just because things haven't played out and management have failed to deliver). By all means feel free to ignore these facts, but I can tell you the market is certainly not ignoring them (and Durant need HC to bring it to their attention).
The facts below + the putrid flow rates are the reason why SXY is significantly underperforming COE and peers.
Call it downramping if it helps you sleep, but this won't make the facts any less real, in the real world in which assets gets priced
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