Oh my lord surging!
They really did get stuck the cap raise with the bottom of oil lol. Look I’m not too upset +24% in one day is lovely. Even if we get back to say $30-$35 with the hedging we have we will be in a great spot.
A few more days or and official announcement from Russia or the Saudis will go a long way.
Expect us to rally as I feel most of our sell down is complete and mark my words even with the cap raise 13mil (26mil approx after cap) for a company that will have a strong balance sheet and some pretty healthy production seems cheap.
All IMO DYOR
Oil Price Rebounding..?, page-8
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