The current price environment is a shocker.
Chemical pricing is testing Aug 2021 lows.
I won't be surprised to see this go a lot lower. It has held up far better than most so far.
Spare a thought for LTR. Coming into production with a debt facility outstanding in the worst possible price environment.
The fact that some there are still believing they will somehow get some kind of premium for their product is astounding. Start ramp up in such an environment could have potentially catastrophic results. Just look at CXO.
The market does not believe the pumpers.
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