Old news who cares it's meaningless son. You have a great day no need to reply to me, can just post what you wish to all.
I called it going to $14 months before anyone else and then told all I was out for good in the $12 range as things IMHO were getting ready to go terribly wrong in terms of XOG.
Now I am in like Flynn again and me and the boys at the CC are good with loading it again as all signs now point north.
I think I said that it had a few years to go before it would be $10-12 again paying a dividend so why one would wish to grasp at that old straw is beyond me but you do you.
I just know one thing it is coming out of the basement and will be residing on a another floor here soon and sooner than you think chuckles. Here is one for you sweetheart since we are going to look at old things, lets look at one that matters shall we, and I have even more in my bag of tricks to show you if you wish.
February 9th............... Announcement of a global settlement agreement with Extraction which, among other consideration, provides for: (i) a new long-term supply agreement, which includes a significant acreage dedication in the DJ Basin, and retains Extraction’s crude oil volumes for shipping on the Grand Mesa Pipeline; (ii) a new rate structure under the supply agreement, with an agreed upon differential plus an increase in the rate when New York Mercantile Exchange (“NYMEX”) prices """exceed $50.00 per barrel"""; and (iii) the receipt of $35.0 million from Extraction as a liquidated payment for the Partnership’s unsecured claims
I could be wrong but that $50 needed for an increase in rates (revs for NGL) is has was and will continue to be the case. If you wish I will extrapolate and give another dozen reasons why revs will be up and will grow exponentially in the coming weeks/months/quarters ahead.
Don't just sing that same old the dividends ended and throw up 2020 Covid/XOG BK song and dance, we are all gonna know in less than a week.
$10+ is a long way from being a reality again but living in the $2 sand box that is getting ready to end.
Peace out.
