GREY:SGLRF - Post by User
Comment by
qwqwon Jul 05, 2013 9:12pm
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Post# 21591987
RE:Article Posted at "Beating the Index"
RE:Article Posted at "Beating the Index""This years TOTAL CAPEX spending including first quarter for 2013 including drilling new wells and maintaining existing wells will be $72 mil."
Maintaining existing wells is covered by operational costs not capex.
Not every company has high operational costs.Peyto's is under $2 boe ?????????
Being 90% gas helps. I doubt there's any drilling expenses being charged.
I checked Pace's 2012 costs for gas (ann info form pg 26) it was $15 boe???????????
With the current price of gas at $18 boe in Canada,pretty tough to make a buck.