GREY:VFGGF - Post by User
Comment by
ofirmeon Jan 23, 2014 10:20am
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Post# 22124763
RE:RE:Sell the Company
RE:RE:Sell the CompanyFor penn west it would be a natural. it will save them the money of developing more
infrastructure for their otter area. if the waterflooding goes reasonably ok (which I still think will
happen), the conversation will become mute. in such a case, the company will have 3 years plus
of close to guaranteed 3000 bopd from waterflooding and a proven model to continue drilling.
That is the thesis I started with when I arrived here and this model is still the more likely one to
happen. in such a case, $1 is a low number (land infrastructure, 2P and hundreds of more
drilling locations derisked for the most part).
Anyway, time will tell. I have placed my money where my mouth is. I do not have control over most
of the rest of the story.