TSX:ONR.UN - Post by User
Post by
Golongagainon Nov 05, 2011 6:20pm
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Post# 19212898
Re: Hidden Gems in the Oil patch -From July 2011
Re: Hidden Gems in the Oil patch -From July 2011
Why do you like it? Open Range is focused on liquids-rich sweet natural gas opportunities in the Deep Basin of west-central Alberta. The company owns a large land position with a scalable base of horizontal and multi-zone drilling locations. It boasts a low cost structure and ownership of key infrastructure. Bay notes that Open Range has visible growth to 10,000 barrels of oil equivalent per day in 18 months, along with nine more horizontal wells set to be drilled in 2011 and 15 planned for 2012. All four of its new horizontal wells in the first half of 2011 were successful. The company also has a fluid-handling tank systems business (Poseidon Concepts), which is expected to generate EBITDA of $45-million in 2011. "The big catalyst will be what they do with Poseidon. In the meantime, it is a cash cow and will fund growing their exploration and production business."
PSN now separate business expanding monthly.
LNG is the PLACE TO BE for ONR. The $$$ price for LNG in Asia is 3 TIMES what North America pays. Shell expanding into Kitimat for pipeline to BC coast.
GOLONG into future!!