Everyone just needs to chill a little bit and once again look beyond their nose.
It now appears that OPEC have set the ground work to obtain an agreement in November to help achieve a WTI oil price of $50+. As AKK will be a low cost oil producer it will place them in an area of good profitability once flow rates also indicate good flow. (Awaiting the pessimists to claim their doom and gloom.)
November will be a huge month with oil production consolidation occuring by OPEC and non OPEC members as well as AKK drilling complete and flow rate announcements.
You will begin to see line wipes over the next week or so as well IMO.
As always DYOR - and look past the tip of your nose.
AKK Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
