Indeed $45-ish is the sweet spot for LWP.
If you look back at when Oxane, St.Gobain shut down/reduced their proppant factories, it was when oil dropped from years at 100 to about 45-50.
LWP's price advantage makes best sense just there, keeping things economical for the frackers. The last months have just been too dire, but stabilisation at 45 is not unrealistic this year.
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