GREY:ETPHF - Post by User
Post by
Freegatoon Mar 11, 2011 10:02pm
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Post# 18274428
It's worth taking a position
It's worth taking a positionI really like the location of this company; however the "historical" 43-101 is mostly based on a few holes in the southwest (close to AAA) and another few ones in the north east (STB). All the area in the middle still need to be derisked throught drilling; it means they still have a long way to go and the management haven't got an opportuinity yet to demonstrated how good they are in comparison to their peers in the basin (AAA and STB). This is worth taking a position in this company though..
FG