Interesting, but no hint that they are going to cut production.
In fact it looks like in future they will produce more from shale themselves.
So its the $64M question.
Who is going to cut production?
Market forces suggests to me, high cost production to be forced out, but that's going to take some time.
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$7.28 |
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Open | High | Low | Value | Volume |
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---|---|---|
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29 | 51327 | 7.260 |
21 | 49245 | 7.250 |
15 | 51831 | 7.240 |
14 | 44454 | 7.230 |
Price($) | Vol. | No. |
---|---|---|
7.280 | 170726 | 39 |
7.290 | 42910 | 13 |
7.300 | 123689 | 13 |
7.310 | 51191 | 10 |
7.320 | 13480 | 6 |
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