https://finance.yahoo.com/news/hall...-north-america-demand-110255555--finance.html
- "the average rig count in the United States has fallen in 10 of the past 12 weeks"
- the US production is falling, import is falling; and export is rising
Probably they should start worry about supply crises instead of supply glut. I would rather bet the poo to hit $60 first before any meaningful pullback.
With an average poo of $56, STO should be trading in the 5.x or 6.x. I would like to listen to the reasons why it is still trading at 4.x
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