TSX:ONR.UN - Post by User
Post by
raggetyjackon Nov 11, 2011 11:00am
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Post# 19229729
Added a good bit yesterday
Added a good bit yesterdayAdded a good position at 2.03-2.04 yesterday.Lots of selling over coming days with PSN holders wanting to dish off the oil portion of the split company. Also due to being under 5 bucks on split company some funds have to sell also. This is a temporary pricing and when the excess shares are absorbed the price can continue higher. Over 6,000 boe/d with 20m debt and 75m bank line.Expecting over 10,000 boe/d by next year end.Very low cost producer from Wilrich on par with Peyto almost. Reducing cost and getting more out of development there.They also have 4 sections of Montney oil at Waskahigan in the heart of RMP Energy lands that can produce 16 Montney hz oil wells. Expecting this to be drilled in the near future and announced when the put out the 2012 budget. Great buying opportunity on the split!GLA...