GREY:VFGGF - Post by User
Comment by
kisstopherpon Jan 23, 2014 10:33am
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Post# 22124836
RE:RE:RE:Sell the Company
RE:RE:RE:Sell the Companyofirme wrote: For 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.
ofirme - I agree 100% with your assesment. Look at the S/P vs. the fundamentals you list. Totally detached. Will never align unless someone buys it like Penn West or the Chinese.