RE:RE:RE:RE:RE:RE:Relative Values OBE vs YGRI am not pointing it out when it suits me...ARO is a major concern for any company I look at...
Maybe the federal Liberals wont be in power much longer...but no way that Liberal enviro minster isnt thiking of chaning ARO rules....
OBE has money to handle at future changes...OBE has more CF to increase oil higher and better land then I3.
Why did Cenovus sell 8400 BOE for what 65 million? Is Cenovus nice and said "hey have this for cheap"......
Isn;t much of a market for gassy side older assets. Some of I3 stuff is better and some of is worse.
Look at Pine Cliffe...another company that trades at those levels for a reason....furture ARO....so many gas wells going that just barely produce enough....
ppp wrote: They can't drill anymore than CF debt maxed out. They tried drilling hard look what happened they had a wreck. Declines of 50% will do that. OBE is a good company but don't point out ARO just when it suits you. I3 is just starting out ,its guiding growth of 27% with Capex of less that half of CF.