GREY:TBTEF - Post by User
Post by
seanyboyon Sep 11, 2013 11:31am
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Post# 21732494
presentation
presentation
Agreed - just had the chance to listen. First time to hear Saunders speak - definitely well presented, sharp, on point. Positives for me:
1) dividend absolutely sustainable within cash flow
2) happy not to benefit immediately from wti being up, prefering security of hedging and expecting gradual differential improvements with Keystone XL, rail, etc.
3) Interesting discussion of how small improvements in recovery rates can strongly leverage the value of what's under the land package
4) Simple horizontal drilling is improving recovery factors, with little technical risk
5) Initial results at Wildmere appear solid
Worth listening to the pres in full.