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Yeah, unfortunately, the recent stock prices of the oil E&Ps seem to be reflecting more of a recession.
Gotta believe it's cause the free cash flow numbers are so bad, given steep investment costs for new wells, equipment, etc. And, commodity prices vulnerable and under pressure.
So, holding my breath a bit right now on energy firms.
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Gotta believe it's cause the free cash flow numbers are so bad, given steep investment costs for new wells, equipment, etc. And, commodity prices vulnerable and under pressure.
So, holding my breath a bit right now on energy firms.