No mention of ebitda in my post at all. Its a comment on what...

No mention of ebitda in my post at all.
Its a comment on what price of oil will they ratchet up drill rigs
Increasing Ebitda is downstream of both of these.

Last year 22 wells if they do 24 this year that’s not a lot of difference if you separate them without the follow on flow from the 22 wells into this year.
Some of their costs have gone down but overall not a very big improvement.

Those forecasts are down nearly 30 percent from this report for full year of 2019 figures (see below)

I believe what will see an increase in the share price is an increase in the number of wells being drilled and an increase in oil price to at least $60
Ebitda increase's are a follow on effect from these two variables (and to some extent reduced costs, while supply line bottlenecks may decrease it).





Not investment advice, do your own research, and consult a licensed adviser