GREY:CHTYF - Post by User
Comment by
whoa_rimcheeseon Dec 28, 2011 2:17pm
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Post# 19354814
RE: From the Presentation
RE: From the Presentation I don't like Reliable as an investment. I bought PBN at $8 because it is an oil-weighted intermediate operating in Canada, and to gain further leverage I bought call options. That is what I did.
And REL going down 50% - yes, most oil weighted producers did, but they will and are rebounding much faster than the natural gas plays.
If MQL or SKW - whatever, have such a high success rate of hitting oil - why have they hit such predominantly natural gas wells on average???? WHY???? Explain....they weren't targeting natural gas wells....so?
As for the credit line - that can be soaked up in a year - wells are expensive - do some DD.