RE:Watch For The FinalI was wondering about Sask activity.
What I see for last 3 months is 4 spud-Slave Point, 1 spud-S/W of Calgary, 3 spud-US Bakken and 9 spud in Utah. It could have something to do with break-up in Sask. .
What is different since last time we broke below $11 is fundimentals such as lower priced hedging and higher decline rate.
in 2015 28% decline with projections were for 25% in 2018 because of waterflood.
Now it's 28% decline and 31% in 2019 and cap-x significantly higher.
Projecting production rising quickly which I don't see.
Plate 7, latest presentation.
Aiming for growth bonuses and disregarding prudent management.
All bad news IMO ..
UppersDowners wrote: divi cut as CPG has to save each penny otherwise the shorts will be all over this. Heard today CPG has stopped all drilling in S.E.SK and moving to Utah and is that going to hurt S.E.SK and another shot in the arm to U.S as no regulations will create more U.S jobs. I wonder if they will build a castle in Utah like they did in small town SK?