Sentiment, as I see it, is why buy today if I can get it cheaper tomorrow. There are more or less 7 weeks till June, then there is no guarantee we have the frac equipment by the beginning of June.
I would not be surprised if the SP keeps drifting lower until we either get much closer to June or we get confirmation for the frac date and equipment. High 4 to low 5 cents is quite possible in that scenario.
Sentiment, as I see it, is why buy today if I can get it cheaper...
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