Half correct.
it would be a good idea to drill CSG wells in tough times as they take substantial time to dewater and build gas.
However Oil wells, particularly horizontals wells, peak very quickly, almost immediately and then taper off exponentially with a long thin tail. What is the point of drilling oil wells, when the ROI of that well is very sensitive to the POO at the time of completion of the well, when the POO is at cyclical lows?
You would be a CFO's and shareholders nightmare if you were running SXY.
SXY Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held