RE: MAY Operational Update - Transformational for PM1 May 2025 08:59
I33, the irony is, lower prices cause quite a bit of supply destruction, especially in the US fracking space. And for all the Saudi bluster, they need closer to $100 for their big plans etc. so won’t flood the market with oil anytime soon. Same as Russia, they all need higher prices.
The key thing for MATD is to increase production this year and generate fcf. It’s possible very very soon imo.