frat spread absolutely cratered to 290 (-30) for the week its clear things are not well in the permian
https://twitter.com/primaryvision?lang=en
The EIA 914 monthly report for October will be out in a few days this could surprise to the downside, the ~70% decline rates for new shale oil wells will really start to bite in the next few weeks/months of data as both rigs and farce spreads have really stepped up over the past few months (~3-6 month lag between this impacting production). It looks like the wheels really are about to fall off shale and the explosive LTO growth that all forecasters predict evaporates, no one is forecasting decline in LTO at this stage .....
Good to be ramping up low cost high margin oil in this environment, now we just need to company to tighten up the register and ensure they do not dilute the company and trim corporate overheads. if the POO picks up FCF could be 4-5M per month in no time, plenty of loot to self fund drilling and buy back some shares.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $23.83K | 2.148M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 11458285 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 57603 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 11458285 | 0.011 |
11 | 16857452 | 0.010 |
1 | 100000 | 0.009 |
3 | 1495122 | 0.008 |
2 | 550000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 57603 | 2 |
0.013 | 15851868 | 13 |
0.014 | 13004235 | 14 |
0.015 | 4427000 | 7 |
0.016 | 2000000 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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