Post by
surething1111 on Apr 28, 2022 12:49pm
Slightly off topic
Years ago, I was involved in a site survey.......Aramco Berri field 1981
This involved a complete field upgrade and additions of 3 central complexes.
One of the satellite oil platforms was BW 82/83, this was a small tripod with 2 Wells. At the time, it was the two highest production Wells in the world. The production rates for these 2 Wells were 125,000 barrels per day. Bear in mind they had been doing this since the days of their inception( early 60s)........Never saw 6 inch flow lines dance like they did.
Talk about a rapid repayment of capex lol......even at 10.00 per barrel.
Sorry for the off topic, but wanted to point out that I believe that with the rate that Baytex is bringing in these high yield Wells at Clearwater, and individual yield rates, we may be in for some positive surprises in our 1Q production numbers...... I'm expecting 84-85000 bpd.
If fact, I wouldn't be surprised if we are knocking on 90000 by year end.
As far as 1Q financials, I'll leave those numbers to Baywolf, Top, Red, and others.
Another note, institutions are already very well aware of Canadian oil and gas plays....they are already here shaking the trees.......they want in, but they will manipulate to acquire more cheaply. In short, know what you own, and hang on........gonna be a wild ride
Shares should be scooped up on any weakness......my opinion only
Best
S