RE:nice update but...skiptoggle wrote: It was a nice update. As of October were at 71% of their production target with 2 months to go to achieve their stated desire to exit 2019 with 16,000 boe/d. Costs were down per well and they have accelerated their capital program both should bode well for future quarterly reports. Not overwhelmed nor am I underwhelmed. I feel we are still in a holding pattern as nothing, to me, is signalling breakout.
TWM came out with Q3 news Yesterday:
Tidewater successfully commissioned the 100 MMcf/day sour deep-cut gas processing complex (the "Pipestone Gas Plant") on time and on budget, and began processing customer gas in September 2019. The Pipestone Gas Plant is currently processing over 60 MMcf/day of natural gas and throughput continues to increase. Full capacity has been impacted due to construction delays on downstream third-party infrastructure. So, they're at 60% of capacity, 16000boe/d should be possible with Keyera tipping in as well.
We'll be fine.
Quoted text in red expresses my feelings well.
Have fun.
P.S.: sorry, no link, as this was an email from CEO to me.