kavern23 wrote: Oilypants...but all you can do is take personal attacks and not stick to a convo just on the company. People losing a debate have to stick to personal attacks...
Tell us how it would make any sense for CJ to drill any wells in first half, when we are so fortumate to have such low declining properties.
Cardinal's management did a smart capital budget...and when they created it oil was much lower in price.
Gear doesn't have that option to NOT driill. Gear had to drill at least 9 wells (I looked) in Q1 as production would tank for Gear if they don't drill. What do you think Gear's FCF in Q1 will look like compared to NO DRILL Cardinal...we
will spank Gear in Q1 FCF as WE ARE NODRILLL HAHHA...you are too stupid too realize no drill is a postive thing coming out of covid and the pain all companies has on the balancesheet...CJ would be f*cked right now if we sunk to 14-15k BOE by not drilling but thankfully we have great assets.
Cardinal experienced its flush production declines last year but production is stable now with no drilling.
If Gear didnt drill in2021 they would be down to about 4000 BOE a day...
The only real decline CJ has in Q1 is some of the Bantry flush production but we have a pool of wells that we can reactiviate/recomplete.
CJ had 16 more wells online in February versus January...HAHAH enjoy..getting production adds so we can NODRILL.
Nuttall was a weclome bonus in CJ as he made me fast profits but can he make Gear pop??
I don't think he can as easily....Gear already has a 120 million market cap...
CJ s Q1 will spank Gear's...
oilypants wrote: Ha do not expect brokavern23 to help wit any of this he been misleading board for ages saying NO DRILL cj is tier one inventory NOT OILMAN brokavern23 knows this not true! Cj ok to pay down debt at 60 dollar oil and merge wit another company. Cj fcf good Cj assets not so good
swingtrading wrote:
I did read several presentations and may have missed something. I am looking for something similar to GXE's presentation on page 12-16. Granular details about IP90s through to IP365 plus DCET costs.Multi-laterals vs single 1/1.5/2 mile, EURs and capital efficiencies. GXE price sensitivity was a nice touch in their presentation(page 12) with Lloydminster having 175% IRR at $60 oil. I want to be able to compare the two companies asset base any help you can provide is appreciated. Maybe an older presentation has this information?