OTCPK:OEXFF - Post by User
Comment by
ditchdigger251on Aug 24, 2018 11:53am
168 Views
Post# 28512553
RE:RE:RE:RE:RE:RE:If management doesn't have a deal
RE:RE:RE:RE:RE:RE:If management doesn't have a dealLikewise good points Casperwy. I've seen it both ways and lived it with a junior with decent assets where scraping by during price downturns and working hard to save every penny was part of daily existence. Eventually the production adds, diminishing debt and growing play inventory caught the eye of a bigger fish - and proved to me that patience while doing the right things does pay.
But I've also been burned by big talk lacking follow through with a couple of companies including with a somewhat larger company that I also worked for. I think IBR's different because they're a knowledgable motivated team, have a great unconventional asset with tons of recent activity up against many of their boundaries, are successfully executing drilling and completions on hugely productive wells and built appropriately sized infrastructure to turn that all into cashflow. There's a lot to like here and based on the facts it's easy to see that Velvet's being a fear mongering opportunist. Of course I can certainly be wrong because I don't see the internal day to day goings on at IBR - but I know enough about Tourmaline people to know that they aren't happy with collecting a paycheque. They have consistent success because they love winning at what they do. So do you pick the greedy fear monger's deal behind door no. 1 or protect the value IBR's endeavoring to grow for yourself.