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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Comment by Tuco110on Nov 14, 2019 6:10pm
147 Views
Post# 30353415

RE:nice update but...

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.

I'm not sure what you were expecting but I have to agree with Don on this NR. They are moving up drill and completion work slated for 2020 into 2019 because they have an extra $20mil for the fourth quarter because results are so good. That $20 mil is while they are still in startup mode with intermittent shutdowns and only 14 wells running and not even all at the same time. With the sped up drilling and competions we could be looking at double the current production(11,000 to 22,000) in Q2 2020. We need the analysts to climb on board to get this share price moving.
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