Investor PresentationI thought it overall is a good investor presentation and I am obviously bullish on future prospects of OBE.
But I think they should update the press decks on the economics of the new wells from a number different then 60 WTI and 3.16 mcf. Payback period is much different with even 65 wti and 3.50 mcf.
Investors would be able to see the justification for the capex increase...payback periods are well under 6 months right now.
I don't hold too much stock in the 2022 production guidance....I think management is being ultra conservative and are probably doing the 2022 planning right now more in depth.
I mean if OBE is producing at least at a minimum 27,000 BOE (I think up too 28.5 exit is doable) at end of Q4....with 7 wells not needing that much time to be tied in...they should be able to hold 27k for 2022.
Even this year...they said they are turnied on another 250 BOE in Peace River in July. This 250 helps with declines in Q3.
I even impressed that OBE already has the two open creek hole wells fracked...those two wells.
were very recently drilled.
Lots of wells to come on yet in 2021, should be future news,
Cardinal struggled and was down when they released Q2 and today Cardinal is up. CJ was 2.82 for low and is 3.11. NEver know.
Sometimes it takes a day or two for people to understand the results.