Delphi Energy Corp. DPGYF

RE:RE:RE:Reserve report next week

[bigbab]

bigbab wrote:

jerrybe wrote: Good to see you back in bibbab! 

I have been accumulating for the past two months...went in too early...but also got the lowest point...I am curious about the very latest well they drilled. They said they tweaked the fracking approach and applied different completion techniques for different parts of the horizontal length...that kind of optimization tends to be done by the best of breed producers like EOG.

Their Montney acreage seems to deliver very good results. If they can perfect their completion technique and get more out of each well, we will be in for a treat.

Like AAV, they basically announced in the capex plans earlier this year that they would remain cash flow neutral by drilling significantly less than originally planned (only six wells instead of the eight wells initially planned). 

The Montney is a gift that keeps on giving for these producers. Obviously the major concern is NG prices. As long as all of this production is trapped in North America, prices will be depressed. Still, I am adding for the long-term here. And next time I double in six months, I will sell! 

 

txs jerry ! Looking for another double ! 

HEDGES 
cold spell lingering 
Undervalued 
shale rapid decline rates and oil production cuts reducing secondary gas will be nice tailwinds 

and maybe we get a surprise LNG announcement with govt being more accommodative (these business plans push out decades so contrarian theory might say now the time to build while prices low )