RE:RE:RE:RE:RE:New 4 Well Pad at Groundbirch? i am not sure if one can read anything in disclosing information after the market close versus pre open. This was announced more than 2 weeks before the release date, so it is not like they need more time to do the work. Pre markets when significant shareholders are out west (just a guess) does not give much time to digest the information.
On the 10th, I just want
- daily production
- expected adjusted fund flow
- capex
- debt repayment plan
That way, we will know the free cash flows and variables like D/CF and EV/CF will look much better. If they are clear on the 4 times above, the market will react quite well. It is time for them to show some enthusiasm.
BeatTheOddsSqua wrote: Agreed Gonatgo. It just feels like something "funny" is going on.
I am encouraged by the lack of insider buying as it would indicate that they are sitting on some very positive well results which would exclude them from trading. A major disposition or other A&D deal would also black them out.
It takes a great deal of effort to licence and drill wells in this part of the world. so I don't imagine Crew licenced these wells for pure enjoyment.
December 10th can't come soon enough! Did you find it strange they moved the timing of the release by 12 hours?