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Thursday, January 26, 2017 10:33:09 PM
The combination of higher prices and increased production should be positive for Sanchez stock, which is what we are already seeing in terms of its stock price movement.
This should continue for as long as the trend of increasing oil prices will last.
If the current oil price recovery trend will end and reverse, perhaps due to the next global economic slowdown, Sanchez Energy may find itself in a significantly worse position than it was in going into the 2014 oil price collapse due to the lower quality acreage it is now operating in.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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