GREY:CRVNF - Post by User
Comment by
beckalodeonon Jan 24, 2006 12:33am
252 Views
Post# 10234319
RE: 60% declines.
RE: 60% declines.Interesting; how many shares are you short on FE? The technical appearance of the quoted figures attempts to obfuscate the very strong results of FE now and into fiscal 2006. You cherry-picked data and made groundless predictions to create a straw man you could readily knock flat - please give us a break.
So, either you're short FE and hurting - and looking to avoid further hurt - or you're just kinda annoying. Or both.
Hey, nothing wrong with shorting, of course... if you're right. Still, I'll tell you this: people with one hell of a lot of patch experience are long FE, and I'm gonna side with them.
- Beck
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Find production:
7-16-46-9W5 0.6 Bcf and doing 600 mcf/d.Down from I.P of 10 mmcf/d
6-15-46-7W5 0.1 bcf and doing 100 mcf/d , down from I.P of 6 mmcf/d 16-6-47-9W5 0.09 bcf and 350 mcf/d, down from I.P. of 800 mcf/d
12-17-46-9W5 0.2 Bcf and 400 mcf/d, down from I.P of 1.3 mmcf/d.
Check out Meridian to the south with similar 60% declines, Find have to keep drilling to avert a melt down, more capital but no reserve adds. Watch what happens in April, May , June when they can't drill.
Sell the company before the music stops, gas at $7.00 next month, drilling costs up 40% and a warm soggy winter with an early break-up.
Sequoia need to buy gas and they like the area, lets hope they can't read production graphs.