RE:RE:RE:RE:RE:RE:RE:RE:Relative values OBE vs YGRWith the variability in well results....how can anyone assume IPO, or YGR or even OBE will have similar drilling results each year...the past really does tell little on this side of the equation....
IPO hit six wells that were double what was expected by reallyone in 2021.
How can you use 2021 wells for IPO to draw any conclusions....
Kramer what I have been saying for awhile is those 6 amazing IPO wells cant carry the company in 2022. All 6 of the really good IPO wells drilling in 2021 will be under 100 barrels of day of oil at some point in 2022...its coming...the ones from July are already udner 150 barrels of oil. Yangarra is starting from a NON FLUSH state.....at 12000-15000 level is when it gets harder forYGR to grow.
OBE is safest driller cause Crimson isnt on Halo of the Cardium. OBE could drill more high risk wells on the Halo....
Kramerkarma wrote:
last post sorry for the flood but it's free homework. IPO up to q3 5,458 boe 272 days (3q) and 27.4M capex is $18.46 per boe. But that's with growth pre acquisition. Obe without prop was 24,100? 128M capex (less aro and q1 pull forwards) 14.55/boe. So we are on the low side of middle cost capex have growth available and high boe netbacks. Gassy barrels are way cheaper. Only CJ has cheap oily non oil sands sagd production with a high netback but there more $$$/boe for similar fcf.