RE:RE:Clearwater 4 of the best 5 initial rate wellsYou can always tell when a company hits a deep fly on earnings as you get all kinds of posts like this from people who haven't posted in months, if ever (ie not shareholders) who are hoping to buy shares tomorrow before it takes off. Trying to limit the gap up.
FOMO and regret. Powerful allies in this oil rally.
perstrudent wrote: Ill throw cold water..overall great report..but clearwater disappointed me...YES they have a sweet spot..and getting boomer wells...but that sweet spot is looking pretty small...the stepout was only 2 miles north and only 120 for 6 laterals....not great at all...hoping they clarify if something went wrong on this well.... theyre at the western boundary of peavine so its only open to the east and south...have to test....right now they got about 6 sections proven for boomer wells...which would support 24 wells....a good 1 to 1.5 year and could easily ramp production to 10k per day...but after that they need to prove up more sweet spot or drill a ton more 150 to 200bopd wells to maintain....
Seal was ok...for 6 laterals...ballpark what I expected.