After such a strong re-rating from 20 cents earlier this year, the s.p has been range-bound and consolidating between approx. $1 - 1.50 for about 6 months now and within that time, there have been some pretty big additional boxes ticked. In my opinion, getting production up is the last piece in the puzzle and very broadly speaking, I am expecting the s.p to be about $2 + upon 2,000 bopd production... however long that takes, it is only a matter of time.
FDM Price at posting:
$1.13 Sentiment: None Disclosure: Held