RE:RE:RE:RE:RE:RE:RE:RE:Asks are being slowly taken outI'm in better shape than most having bought in after the Ante Creek firesale. I'm still buying but I'll start looking at the players with the condensate story (if anything, should be safer) - thanks.
I did some back of the napkin forecasting based on the typecurves presented in November and if they drill 2 more Gold Creek wells in 2017 (in addition to the one they drilled a year ago which should be tied in next quarter LOL) in addition to the 4 Waskahigan ones, and incur $15M of infrastructure capex like they said, they'd owe $15-20M to the bank by year end which sb ok.
Still think they sell the gassy stuff at some point in the near future as its non strategic and why borrow if you don't have to.
There are only 3 concerns now with this company:
a) are the type curves for real? TBA.
b) will oil and gas prices hold? --> this they can hedge for
c) can you trust the bank? Our new Chairman might think so but he's American and he probably has no idea who he's dealing with. I know National very well and don't trust them. At all.