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sub $25 w/ tangible book north of $40, less drilling for sure but service work continues, frack oil can only displace so much OS, worry, sure, if you insist. that drop to 23s yesterday, bit of a puke point capitulation thing? we'll know soon enough.
CF about $1.68/sh, not PE here, P/CF more meaningful, 5-10 years of orderly growth lie ahead, just need to massage the "newbies" and continue to refine the model(s), imho. Might do well even if we move to bear market, which we surely will (at some point, maybe now).