Important perspectiveAll of us should keep in mind that institutions do not own this, at least yet.
If you are an institution and have never heard about this story, what's the first thing you think? "Oh wow, look at the chart, I clearly missed it". If you stick around long enough to hear the story, you then think "How big did you say this is?".
This is not idle speculation, this is first-hand witnessed.
The reason Mgmt is on the road this week is to "set the table", so when the RA comes out, these institutions have some background.
Whatever expectations are out there are not really that relevant, this is a very big resource - the key is once some numbers are out in the public domain by a respected 3rd party, these insitiutions will notice - and act.
I would argue that the PM's at all the funds Mgmt are meeting this week are important, but even more so is industry - Exxon, Chevron, BP etc...take your pick. The RA will cross all their desks and then the fun begins.
If you think that I'm wrong, watch this supposed "energy expert's" comments on BNN. He knows nothing.
https://www.bnn.ca/market-call/josef-schachter-discusses-suncor-energy~1304118
This is what the street thinks, right across the board. BTW, check out this guy's investment record, pretty cr-p.
When he appears on BNN raving about amazing VLE is at $20, guess who's selling to him?
Statoil is not a Mickey Mouse operation, they've done their DD and their technical knowledge is top notch. Why would they commit and complete phase two of the agreement and pay $10 mil for 3D seismic before they were required to if they weren't excited as heck?
Reminds me of pre-school, connect a couple of dots and a picture emerges...not that difficult. Crystal clear outcome.
Don't let the daily trading games or posts convince you otherwise. This is the real deal and all will be crystal clear very soon.