Cequence Energy Ltd Common CEQXF

RE:Dawn is 6.03. Edmonton sweet is 64. Talk about insanity.

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Not to minimize what we have suffered with CQE but, when one looks at gassy names such as PEY, BIR, BNP, VII and most others, there has been quite a carnage lately.

All of these players also benefit from a much better condensate/light oil market and despite the "V" recovery in pricing, none have benefited:

https://www.tradingview.com/symbols/NYMEX-ICL1!/?utm_campaign=tickers&utm_medium=widget&utm_source=www.oilsandsmagazine.com

Quite an incredible situation. So either these lower differentials will not last or these are huge bargains waiting to pop. Maybe it is just a lack of confidence combined with the end of tax loss selling?

Then when one looks at the various budgets being put out by both gas and oil players, all we see is trying to maintain production in 2019. This flat supply bodes very well for low differentials along with Alberta mandated cuts, crude by rail ramping up, Line 3 and Enbridge finding 50,000 to 100,000 bls/d additional capacity on their Mainline per yesterday's presentation.

SOOOO, the last thing I want to hear about is a call for privatization of CQE. This is the best recipe for us to lose all the upside that we are well aware of and have so patiently waited for.

These guys are doing the right at the moment or waiting for the right price to tie-up these two new wells. And time is now looking on our side. Once we see if they are as good as the first ones, watch-out above!!!

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