RE: Hard to watch Hi Cason:
With WTI closing around $96, and today's closing prices for Alberta producers below, what is there to worrry about? Our dollar is also at sub par to the $US, making for richer $Cdn netbacks:
| Posted Canadian Par Average (40 API) | $92.43 | CAD/BBL | |
| Posted Imperial Bow River (25 API) | $76.12 | CAD/BBL | |
| Net Energy Sweet Closing Price* | -$3.75 | USD/BBL | $91.01 |
After buying some at $8, then selling it at $7.55 for a 45 cent loss, I am now buying it back at sub $7. Guilty as charged, but happy to keep buying at sub $7 all day long.
Based on their predictions, Deethree should be pumping close to 8,000 barrels by end of July, then 9,000 by November, and so on.
Did anyone else see they just spudded another SAB production well on June 6th to boot?
| DEETHREE EXPLORATION LTD. | D3EXP 8B-19 HZ FERGUSON 8-20-3-16 | 00/08-20-003-16W4/0 | 0455496 | 27-Feb-2013 | 6-Jun-2013 12:30 PM | 2,920 | DEV (C) | UNDEFINED | BAKKEN FM | NEW | PRODUCTION | CRUDE OIL |
Cheers,
L6