DSD you are starting to sound like the little engine:
"I think I can, I think I can"
What happens in the next six weeks or the last 46 weeks wont affect the price, it what will happen in the then 52 or 104 weeks which will dictate the SP and in my humble opinion, the hydocarbon industry can only hold off CAPEX projects for so long.
If the wells were bottomless pits of oil there would never have been a need for the large explorers to consider spending billions to drop deep ocean rigs but they did.
They will have to flinch sooner rather than later.
If you were a CEO worth your money you would be locking in CAPEX at these cost structures rather than chasing the curve and paying overs.
contractor without contracts, page-14
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