RE:suckin alpha Wild, the market is less concerned with Debt right now. The lenders have low anxiety now product prices have run up. It seems the higher financially levered co's (and operating levered) have done better in the markets.
I'm not arguing with you (in a petulant way), but I think that Andy & co. have got it wrong. The market doesn't want to see 1x D/CF.. They want to see a better strategic plan to grow into the economic rebound coming out of Covid vs. turtling and focusing on the balance sheet, which is ALREADY one of the best in the sector.
My opinion, everyone take it as they may, but the market is speaking, AAV is lagging & Andy needs to take note.
He works for us, shareholders..
Wildcattter wrote: no, no... no... long discredited blog.. I would advise not following it, it reaks.. his error was also not understanding the spending at valhall that year as not being at Progress as he wrote.. an amatuer.. they all are... anyone could write for them.. if you can write and think they would like your ideas. novel or level headed.. whatever
but progress is a big new oil find... it is in the D3 Montney level.. it has been delin. across their land base so.. maybe it is 30 square miles so far.. and growin...lol lots of oil and the two recent wells, years newer tech in the completions vs the first few wells... now those wells are tigers... 1500 b's per day.. will be a big oil field when developed.. great economics expected from really strong wells.. they open them up when they can but shut in most of the time....a big, big oil well.. 2 of them... now they had a decision.. they have bought a plant in a bag for Progress... but was only 5Kb's thru but wil be limited by the gas level... now understanding Progress, they back burner it, flow Glacier big was they can with 10 new wells.. 100Mcfd, over 60 days initial production.. big wells 10Mmcfd and repeatable over layers and miles and miles.... thinkin I guess. here is what 100Mmcfd today will get us, vs oil at Progress with no built infrastructure... oil would pay longer term.. big time.. but these short term gas contracts are so good, hell, we can go into Progress when we want, lets harvest money,to be 1X d/cf by YE..