AREX, CLD, MCEP, XCO, and others in the shale space are all down substantially as of right now, nonetheless.
That isn’t ....probative, or indicative.
LINE went BK the other day. This is a deeply troubled space and is destined to stay so, IMHO. If they are valid bottom fishing candidates, they are only so for the very, very patient. Very. (oil reasonable smackdown day, as well, /CL off almost a buck earlier)
There are many more BKs to come in this space (fact) and IMO it is toxic. (opinion)