Fresh Tracks Therapeutics Inc V.BBI

RE:RE:RE:RE:RE:RE:Pure speculation

[EstevanOutsider]

Pipestone moderated growth plans because of 3rd party infrastructure delays. No point to grow if you cant have guaranteed processing capacity to take it away.

navajojoe wrote:

Bennys65 wrote: I was in pipe early and sold when the story changed.The idea was to sell and cash in and that for now is off the table.Just saw somewhere that the decline rate for pipe was 40%.Not a problem if we ramp up production and sell on a per flowing barrel .From a production point 40% is too high and we get on the tread mill just to keep up.So with some time I am getting back in as slowing growth will reduce decline and pipe will create a new story.Long winded way of saying I like the new story.

Decline rates on all shale gas wells is high in the first year, leveling off after that, but I think you already know that. Maybe that is why PIPE moderated their growth plans, reducing the amount of capex required to replace those initial declines, and enabling them to use the free cash flow for share buybacks and the dividend.

Whatever the case, the assets are still there. And now that they are returning their attention to the eastern lands, the value of those assets will just continue to increase.