RE:RE:RE:RE:RE:RE:Some TD accounts are wash tradingTheres also the small fact that the Duvernay assets that CPG purchased is more than twice the size of the ATH-Murphy assets... 450,000 net acres vs 215,000 gross acres
https://www.shell.com/media/news-and-media-releases/2021/shell-sells-non-core-canadian-shale-assets-to-crescent-point-energy.html There is no 30k of production in the Duvernay for ATH...like I alread pointed out, its a 30-70 joint venture with Murphy oil...
As for sustaining capital of $75...that is for the entire company, not just the Duvernay
so yes, not apples to apple
bosstrade wrote: Correct, not apples to apples. Shell's assets need $175 mill to maintain production of 30+ k barrels where ATH needs $75 mill. But if you take the diff between light and wcs its pretty much a wash per barrel
My opinion the assets that ATH has are superior if oil can hold above $55 wti