GREY:VFGGF - Post by User
Comment by
Iching64on Sep 26, 2013 1:21am
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Post# 21768637
RE:the market
RE:the marketNovus may have had lower decline rates on the initial well results, but after waterflooding, the decline rate for PRY is much lower, and the wells will last longer.
So a comparison to NVS is not accurate.
PRY, going forward, will be a slow and steady build, with waterflooding providing higher production, slower decline rates, and longer well life.
Perhaps that is why the market has decided to start buying.
Sure they have debt, but if you compare their waterfloods to others, they are quite successful.
Too bad I bought in when the analysts were delusional - but now that a reality check has set in, I wait for a year or two....