RE:News out. stock is up 5%.
1.Still struggling with water handling, water disposal issues which is driving up op cost. Boggles the mind how this is still an issue when it is so routIne at every other company.
I guess you think the entire staff of VII generation is incompetatnt, the fact that they are working on the issue, recognize the issue, and have a target and objective to reduce costs, you must be an expert in this field? Opinion, nothing else.
.realized condensate price was $68.10/bbl, as I predicted and NOT $80/bbl like somebody else predicted
I gues the company is responsible for street projections, however i guess i need to tell you that if you have already hedge the commodity or it is under contract you can't get the spot price. Ignorance, lack of understanding, stupidity.
Corporate net backs are low $20s. Hampered by gas being such a huge component of the production profile. Liquids ratio was down 2% year over year indicates that the wells are in fact getting gassier. Look for this to continue to be an issue as they get further from sweet spots.
It amazing the conclusion you can come to regarding a 2% change in liquids year over year. But more misinformation because if you look at the management dicussion the liquids ration in the fourth quater of 2017 is the same as 2016 58%, i guess that is just another lie. However the realized price is 10 percent higher, where do you get off with your misinformation.
Their NGLs (propane) and gas are effectively worthless. Everything is driven by condensate. Hence the risk being exposed to the tarsands as your only customer for said condensate.
I guess you are suggesting a better place to be in the energy space or perhaps a better company with better returns. Gas companies are dead and being the largest producer of condensate in Canada you look at that as a negative not a positive, whats wrong with your head?