RE: Assets v liabilities.9 Mar 2020 23:30
Book value of assets has to be questioned at $65/barrel, you assume no impairment, that's a key assumption in your view on the net assets yielding value. I bailed this morning, and yes, I know probably a stupid move, you buy low and sell high to make money, but I don't think the price of oil has bottomed yet. I think you guys still holding have a good chance of some better news thursday though, production increase and capex deferral would bolster cash flows, I just coudnt hold it. GL