RE:Katusa's ConfessionI also read that.Found this interesting.I assume he is referring to the permian not any montney neighbors but still a pretty bullish comment even if it were to be grossly exaggerated(not saying it is but there's a pretty wide safety margin in 80%.).I believe Garth has made similar inferences regarding $/acre.Bearing in mind Katusa is a newsletter writer and must therefore be taken with a grain of salt,I do believe he is smarter,certainly better connected and more disciplined than many of his peers.He seems to take the rifle rather than shotgun approach and gets intimate with fewer(presumably better)companies than most and knows them inside and out.
"I don’t believe this opportunity will last for long. I estimate this world-class oil field is selling for an 80% discount to what others are buying for similar top tier assets. Soon, the world will wake up and realize what is going on and there will be rush to buy these assets. But if you act quickly, you can secure your spot at a bargain price… before the crowd arrives.