OTCPK:OEXFF - Post by User
Comment by
ditchdigger251on Aug 23, 2018 10:47pm
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Post# 28509746
RE:RE:RE:RE:If management doesn't have a deal
RE:RE:RE:RE:If management doesn't have a dealThe point that Velvet needs IBR more than IBR needs Velvet is pretty clear. If a bid comes from the White Knight effort that treats us shareholders fair I say great! If a non-dilutive financing deal comes out to support this fall & winter's drilling I say great! It's a non-losing proposition at this point. Industry's already set the bar on the base value of IBR with the recent Kakwa and Pipestone deals. Oil prices are set to boom come November. Gas prices will zoom given the constantly increasing market tightness (there hasn't been one single week of injection higher than the 5 yr avg since mid-June!) with the storage deficit now at -600bcf below the 5 yr.. Remember last winter was forecast to be above average temps after Christmas....Hahaha!!! I'm pretty sure IBR will hit the ground running if they're gonna grow by the drill bit and the cashflow growth will be spectacular.
No matter what the IBR Longs are looking good imo. Casperwy, I can tell you're nervous so do what you feel you must but you may want to talk to IBR and ask some hard questions first. My lot has being thrown to stay the course. I believe in IBR's team competence and that they are working on behalf of all shareholders (after all they have skin in the game too with their options). Interesting times indeed!