RE:RE:RE:Hendrick Sir, thank you again for your analysis of the situation here. I am slightly disappointed on the volume side of the report expecting a little more than delivered. I was not surprised to hear inflation pressure on drilling and other services but to the extent of the increase ( 30%) am hearing that the industry cannot find enough bodies to drive trucks around.
I am all in on the NCIB which cannot start soon enough but leary on the prospect of getting an increase in revolving lines to facilitate. Granted revalued reserves support the increase in the credit facility and the shares are clearly undervalued, we are still in a rising interest rate cycle hoping for an increasing price strip.
Looking back it would have been helpful to have locked in some of the oil production at higher available pricing making it a whole lot easier to execute the buyback.
I am not an oil guy but it seems the land acquistion in the Peace River area makes sense as a potential asset to flip to someone who has the financial ability to do something with it. They have be sitting on this area for many years. I am not convinced yet that with increased takeaway that diiferentials will decrease by the amounts that have been suggested.
Again thanks for you contributions.
Just trying to get to the point of breaking even on this position in my lifetime!
PS. Is anyone else concerned that SL is the only one in senior management / directors who is putting skin in the game? Where is their conviction?