RE: Once all the news is out17 Mar 2021 09:54
They have held production at a sustained level, put off any near term expenditure and will be building their cash balance. I think as someone else has mentioned that once the CPR is published expect a suitor to come out for the outfit and its licences. They can they develop the fields and invest as they see fit. The correlation with the bonds and Brent to me all look to indicate a significant re-rate going on.