The market was driven here by derivatives traders .....imo
For all their failing GPC do seem to at least have managed to get to production without spending so much money that the taps do have to be kept full open to pay for ongoing operations, servicing loans etc. They do not appear to be in the position of being forced to production rates which would ruin the reservoir or even being forced to produce at rates which deplete the reservoir faster than necessary.
Therefore I would think that they should bean back to conserve the value in the reservoir. imho
The market was driven here by derivatives traders .....imoFor...
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Mkt cap ! $196.1M | |||
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