Yes, I do think that "the shareprice is being punished by the increase in capex".
But,,, we know that no matter what the news, the shorters will take away what they want to see negative and drive the price down. This is the pattern.
This time is no different from the last time and the time before that.
So far today it is working for them again but I don't think it is as sustainable as the previous times.
There was a lot of good news in there too, especially the further derisking. Time is on the side of longs in this play not the shorts.