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The company reported a second quarter of 2021 adjusted earnings of $2.40 per share, beating analysts' expectations.
It was a solid oil equivalent production this quarter of 401.451K Boepd sold at a record oil composite price of $45.63 per Boe compared with $15.39 a year ago.
The investment thesis is getting more complicated as the threat of another lockdown and weakness in demand is rapidly eroding enthusiasm.