RE:RE:Growing Alberta CompaniesIPO's shareholder base being USA is scary...how many of those guys understand cardium.....
Looking at finanial tables on IPO doesnt tell the story
kavern23 wrote: This post exposes a potential "problem spot" for IPO...see the what and why....
Giving you guys clues here....
kavern23 wrote: Let's do a quick test on how is growing and how fast.......at a high level.....
Quick way....
Usually 1 rig per 10000 BOE per day and company still has moderate growth...good rule of thumb....
Baytex: 7 rigs drilling in western canada and not sure on USA side. Say 1 here in USA.
so at 8 rigs per 80,000 BOE...baytex is growing on that. Baytex is a good candiate to beat guidance...should grow well with that.
YGR: 1rig to aorund 10000 BOE...grow on that
TVE: 6 rigs and dont they have 40k boe...they should really grow right now
Cardinal energy has 3 rigs going and they dont drill much lol.
All shows why BNE isnt that appealing....
Only using 1 rig to what 14k boe....really light. BNE very limited on what they can grow with only 1 rig supporting 14k. If they could afford it I am sure they go to 2.
OBE having 4 rigs on 30k to support...grow really good...
OBE is using 1 rig per 7500 BOE...stellar...we should beat guidance with 4....