RE:RE:RE:RE:RE:Kakwa is HappeningThank you for accepting it as fair. Maybe you were thinking 204,000 boe/d instead of 240,000 before VII mgmt decided to pull back on production.
IMO, no oil or gas company is going to make the mistake of ramping up production to only over produce and send prices falling. We have been through that cycle for 4-5 years, with the greens wanting us to die no matter what happens.
Make tons of cash with the current production, return cash to SH and everyone is happy except for Biden who wants us to come to the rescue right now. Always amazed how he can ask for help when the greens and dems have been kicking us in the nuts for years and continue. Patriotic duty my a$$ to bail the USA out of high oil and gas prices.
Was so happy when some CEOs told him no way they would increase production.
MyHoneyPot wrote: Gunner, most of that i will accepte as fair, just from memory i believe they production more than 220,000 boe/day one quarter, but they have significant plant capacity field buildout and upside.
The hedges, i don't really buy all these excuses, and have see other companies manage it a lot better.
I think they were hoping to fund their 7 year pet project attachie, however that is not adding and boe in the short term and the capex is really not as significant as it once was especially after 2022.
They should just push Attachie IMHO to 2023 and reevaluate it then, as with Kakwa they can get immediate cash flow right away.
I also hope sunrise, is done, or close. All and every boe should be produced at these prices.
Have a Happy Easter.
You to Trapped.
IMHO