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There is a strong chance the cuts are a ruse by the arabs to suck the shalers back into the game. Once they are all back up and running OPEC will flood the market again driving prices down and putting the shalers back out of business. Then cut again/flood again and repeat for a few cycles until shalers' banks will no longer deal and shalers are permanently bust. Conclusion: sinusoidal oil price cycles coming up over the next 3 - 4 yrs. Could TLW be caught out? Possibly, if refinancing/production targets/unforeseen issues coalesce at the bottom of the price cycle but if they can get the refi done, production stabilizes and no unknown, unknowns in between times then I’d suggest TLW look good for the long game player.
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