GREY:TBTEF - Post by User
Comment by
bshort92on Jul 30, 2012 4:06pm
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Post# 20166369
RE: Private Heavy oil drillers
RE: Private Heavy oil drillers Actually Gear has 65 k acres out and a little over double the reserves Avalon brought. Not to say these guys are a target as yes they have deep pockets being the Peyto guys. I have a great opinion of them as operators: They give their shareholders terrific returns and are not the types to over committ on debt, production projections or share dilution. They also do not kiss up to bankers and analysts hence a good factor in them being a well regarded private company. They do have a nice asset base for Alberta heavy oil.