RE:Looking aheadRemarkable opportunity. The current share price does not reflect what is happening here. I think maybe it's still not well known, though not as obscure when they just owned the gas assets in Quebec and a pile of cash.
It's never really fallen that much so perhaps it's difficult for the general investor to appreciate how undervalued this has become as the information about the play has evolved.
The market will eventually find it. It always does.
Bennys65 wrote: Neil has stated that they feel Delta will be ready to consider a deal in the first quarter.That will give them time to ramp up production ,hwx thinks 15000 bpd.Robert Tang of Delta is a sharp dealer and we will see what he and Neil can put together.We are the buyer of choice.At 40000 a flowing thats 600 mil.TVE recently stepped up to the plate with Spur in Jarvie and paid 90000 but that isnt a good comparabl as the deal was only 400 bpd and a lot of land..So I think somewhere between 40 and 90.Being debt free with cash is a huge advantage.If Tang has other ideas then we go it alone with what we have.On page two of our presentation we see the amount of cash we can throw off with develeopement of our core 10 section area only.For 2022 we have licensed 17 dev wells on our exporation land,285 sections.That production is not included in those numbers.Then the teaser.HWX will be drilling 5 unique exploration wells in 2022.Unique meaning one of a kind is their description.Hinting to the market there is more to the clearwater story.BTE just drilled a clearwater prospect on their legacy land at Seal.Peavine is a game changer for them.Success at Seal would be crazy.So,great story with some really exciting catalysts coming in the first quarter.