RE:Oil & usd/cadLighten up Y'all ...
There is lot's to be concerned about without anyone accusing posters of being short .. or of having an agenda.
The USD$ debt is very worry-some. At $800m USD... thats over 1 billion in CAD$
... and interest US$ payments are up a like amount.
Another concern of mine is managements inability to get with the program in respect to EOR .. Water, Gas, or whatever ... flooding ..
They talk a great game but after 10 years in the Bakken, we have nothing to show.
All other oils I hold or watch have had great success with major EOR programs and significantly reducing decline rates with their EOR programs ...
In some cases even showing extraordinary BOE daily rates when drilling into a flodded area.
High declines is what's killing us ... What makes us so much worse than so many others . IMO
After 10 years we still have over 25% declines in the Bakken .. this is incredible
I'm not short, I have no agenda. I AM not happy with management and I'm prepared to say so ..... I may repeat myself ...
Azzenmcelbow wrote: Lts moving up. In Spite of oil. How do you spin this, shorts? Did you get to your break even before you covered? Still swingin'?