The obligatory 2 month wait for the McDaniels update has passed. So this report could come any week now. Sadly I don’t agree that this will result in a substantial rerate of the SP. Disenchantment is too entrenched and the current hiatus is too long. Nor do I think AP using shares as collateral will affect the SP, up or down.
20,000 bopd from Marti is what we need. If roo is right and this idle rig period is being used to handle such an eventuality then maybe what is a very bad look has purpose. I still think it could have been handled better. That is also the case retrospectively.
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