Post by
MyHoneyPot on Jul 10, 2023 7:48pm
Duvernay Results - Soon
We should see some North Duvernay Results soon, and there is going to be a good reason to get excited.
There is a brand new rig walking across wilesden green and its god Fox Drilling name written across it, a speciality built rig for the East Duvernay, a play POU has been working on for more than 10 years is now ready for development.
POU's Frac sand buisness gets upgraded into the premier sand for solar pannels in 2023, and we will hear the Feds, (MY GUESS) putting money into this project in manitoba and is becomes another valueable asset on the POU balance sheet.
Q2 was not 100% as expected with the forest fires, but now we are off to the races and my guess it that we are going to see NVA become part of POU sooner than anyone thinks.
Summer is alway slow, but strength in commodity prices in the second half of the year, Wilesden Green kickoff, and North Duvernay being realized,
Exciting time for POU and maybe the sale of some assets this fall.
IMHO
Comment by
Sugaree on Jul 11, 2023 8:00pm
POU has completely missed the big run since late June bottom in O&G stocks. RSI getting high on some of them. Is POU a screaming buy, or is the sector ready for a small bullback to consolidate? HP, any thoughts why POU has not participated?
Comment by
RookieReturns on Jul 12, 2023 9:15am
I've found this odd as well and am curious to know what our oracle, HP, thinks. HP, I'm also curious as to why you believe NVA may be acquired. I appreciate that there are a number of commonalities as far as location and we POU owns a large tranche of NVA but I thought earlier you said this was highly unlikely. Am I mistaken or have you changed your mind?