Earning pop, then drop with the rest of the sector.
Great quarter, and just like the last 20 quarters, in which there where some great quarters, it just does not matter with WLL, dead money for five years. Oil rolling over and will take WLL with it, backwardations in price never last for long. Hopefully WLL will hit 53-55, then short this baby all the way back to the mid forties. Tick-tock, tick-tock, like clockwork, WLL hates the fifties.
Have you ever heard of a company that consistently pumps out more of their product but the bottom line never, ever get better? When WTI sinks (and we all know it will sooner than later) WLL will revisit the low to mid $40's