Low cost per barrel in production? Whatever you're smoking I want some!
Precisely the one metric Daybreak fails to address with shareholders. If you have it, please share with others.
Add to that, Kern crude pulls in a lower price per barrel than WTI and costs more to produce. Way I see it, they are fighting two headwinds in the Kern patch.
The only thing I agree with in your post is we are entering the next leg down. Capitulation will occur somewhere between $25-$30.