OTCPK:AVEFF - Post by User
Comment by
93Darkhorse93on Apr 27, 2017 9:22pm
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RE:RE:RE:RE:RE:RE:Baker Hughes Rig Count up Another 5 Rigs to 688..
RE:RE:RE:RE:RE:RE:Baker Hughes Rig Count up Another 5 Rigs to 688.. See but I think the story has been de risked due to the equity raise. There is no balance sheet risk or credit risk, that’s what I don’t get
Its less about oil price more about North American Oil and Gas Production. For the first time in 8 years you have US government on your side with the EPA out of the way. As the US proceeds the process to export Nat Gas their Utica business has a lot of upside as well. Drill Baby Drill. The cash costs of production has been reduced so low that as long as WTI is above 40.00 production and rig count should maintain strong.
One more thing for the night. The more efficient horizontal drill rigs depletion rate is a lot quicker than the older traditional rigs. Resulting in a lot more movement and transportation of assets as wells get depleted a lot quicker which is nothing but a net positive for AVE.V as the chess pieces are rotated around the oil fields.