TSXV:NS.RT - Post by User
Comment by
evilballson Aug 09, 2018 8:54pm
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Post# 28437287
RE:RE:ok update
RE:RE:ok updatewhat I noticed is Q2 production was much higher than what was intimated in the presentation which to me indicates managements conservative approach. I think they said >500 bpd not >900 bpd. It also indicates the conservative approach they are taking with year end production. There is certainly room to add another drill program.
They have done everything they said they were going to do an did it in a timely manner. Every important metric was improving which makes todays news release pretty positive among some pretty mixed bag results this summer. Then you start reading between the lines at things like operating netbacks and how much ATU is receiving for their production and it seems to me plus $30 is better than most out there. Then you add in things like AECO pricing and CCS that some other companies are heavily exposed to and ATU seems like a no brainer.
Hello?!?!?! We don't have the two biggest overhangs in the industry affecting us.
I can easily see this company becoming a darling if they keep hitting their targets like they have done so. Yeah there were declines but they were not anything near where they were telegraphing. I'm sure you probably wanted more of a operational update ... a play by play so to speak... some companies just want to spend the money acutally making money not playing fluff for shareholders which generally do not add anything to the SP except volaitlity.
I think mgmt deserves kudos for getting er done and delivering. Q3 will be much more interesting I'm sure.