GREY:ROAOF - Post by User
Comment by
zagorskeon Dec 03, 2014 11:40am
120 Views
Post# 23190109
RE:Well Results Probably within 30 days
RE:Well Results Probably within 30 days It is probably a good idea to add some at these prices. The wells in this area offer a much bigger prize than the wells in S.E. Sask. but are also more expensive. By the time we get any decisive data it will be too late to buy. I am adding on the basis that there is lots of value to back up the stock price (Manyberries property as well as this play which seems to hold good potential).
Of course buying now is a bet that oil prices are not in for a longer term downturn like the natural gas price has experienced. (Do you remember $10 to $14 gas?) Seeing a recovery in the oil price is more of a key than well results in my view since results can vary to a large degree on a well by well basis.