GREY:CNKEF - Post by User
Post by
templetoothon Aug 07, 2017 1:21pm
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Post# 26553899
Q2 Thursday....Interesting times
Q2 Thursday....Interesting times
For comparison purposes, Q1 production averaged 3514 boe/d and as o the May 9 news release that was up to 5050 boes. I don't know how severely Q2 production was impacted by pipeline outages, but I'd be happy with 4200 avg boe/d.
The May 9 release also said that 3 further wells had been drilled, but I wouldn't necessarily expect to hear that they've all been tested. It is entirely possible the company might have decided to wait for summer/fall before testing.
In a brutal market this stock has held up pretty darn well. Just saying don't expect any home run results - a single or two in the current environment would be just fine, IMHO.