That buying represented around 57% of the total daily volume so he’s soaking up a lot of the sellers.
Sending a loud signal but does anyone believe anything from management these days? Would love for him to be right as I’ve be long and wrong on CE1 unfortunately.
As an aside oil up around 20% quarter to date and CE1 down around 5%.
All else equal, no proportional change in opex costs etc but a 10% average increase in oil price leads to quarterly FCF going from $3m to $4.1m ex Montney proceeds.
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