Elevated Leverage And Equity Valuation RiskHigh net debt relative to market equity increases vulnerability to operational setbacks and could further pressure the stock.
Lower Oil Price Outlook And Cash Flow ImpactA reduced Brent price outlook near sixty dollars per barrel would likely render free cash flow neutral and lead to production cuts, limiting cash generation.
Operational Uncertainty And Rating DowngradePersistent operational uncertainty, coupled with an analyst downgrade to Underperform, may weaken investor sentiment and constrain share price recovery.