Jun. 25 at 2:12 PM
Is
$CTRA’s rig count stability a sign of renewed oil market confidence? 🌟
After planning to cut rigs, Coterra Energy is holding steady at nine in the Permian Basin, showing confidence in oil price resilience. Their flexibility allows for quick adjustments if needed, and they can still be profitable even if WTI dips to
$50.
Discover the full story here 👉 https://www.zacks.com/commentary/2553783/coterra-holds-rig-count-steady-in-the-permian-as-market-jitters-ease?cid=sm-stocktwits-2-2553783-body-79&ADID=SYND_STOCKTWITS_TWEET_2_2553783_BODY_79