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.
LWP Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
