RE:RE:RE:RE:RE:RE:RE:TAO 2.0 for wildcattterGood contribution Wild.
Serious question, with Kelt's assets all around Valhalla, Pipestone & Progress. Do you think there are synergies in these two companies assets, or better stand alone?
i..e merger..or A&D (better for one & supplies $$ for the other).
Wildcattter wrote: that would be the logical move, but they would need to expand at valhalla... that is a year out... on the opposite side, they already purchased equipment for the oil at Progess to build there..
condy is a big coster... costs a lot to maintain a good level of production as those wells decline real fast.. you would not see aav op costs be sector low anymore... their costs would explode but so does cash flow.. I figure they know the best money makers... be it condensate or crude or dry gas... they have wonderful assets in each.. each have a significant land base to create heft.
condy depends on oil price so why not produce the oil find at progess..?