RE:RE:RE:RE:NcibThanks Mat and I respect your input. I'm just wondering about Frank's post who dilligently tracks the trading houses that account for more of the action.
Who's to say that they're not acting for a Black Rock or Bridge Water or many of the other private equities and hedge funds? Most are chomping at the bit for return and the big ones, with experience in resource development would love to get in on the ground floor of a potential money making machine. They could well be playing the pumper noise so prevalent on the StockTwit's bullboard, selling into rallies knowing that the sp will inevitably fall until something concrete is known.
I remember watching the coverage of the Macondo blow out in the GOM over a decade ago. BP was insisting that the well was only flowing at 5000 bbl/day. Bloomberg had an MIT fluids mechanics PhD on who studied the video of the flow at the well head who said that the only way that the flow could look like it did was that the well was flowing at 90,000 bbl/day.
BP was pumping surfactants like crazy to break up the oil into small droplets that the Gulf Stream carried away later to be decomposed by bacteria into CO2 and food for plankton.
So high flowrates are possible. I'm thinking that production at 80,000 bbl/day for 20 years might be worth some coin. How much? I'll defer to the financial experts on that. But why is it necessarily only an oil&gas major that could be a JV partner in this play? I imagine that many yield hungry investors would want a part of this. In other words fec/cgx could shop it. They'd be in the driver's seat.