This stock is trading on the HOPE that oil has bottomed....the lost 2.2 billion in the last 6 months close 3x their take in revenue. Obviously their hedging is not making up for their losses This stock should implode shortly
ah! yes there is this thing called valuations and fundamentals ...the goal of every business is to make a profit!
They sell oil and gas and unfortunately for NFX EOG XEC..they aren't investment firms making bets on oil and gas only