RE:RE:Headwater...Benny...sure clearwater is variable but we have alot of land in that channel....and one well doing 8 multi laterals from it can produce decently even on lower res. quality.
Baytex looks to have stolen the clearwater thunder so far.
I am little excited though that headwater didnt buy crestwynd. Headwater is one of the most logical fits for OBE's Prop assets so I didnt want to see Headwater draining their cash.
I think could Headwater could have outbid Tamarack Valley. Both on cash and Headwater being a pure play should have been more attractive then TVE s stock.
Great news to see Headwater still available and hasnt expanded yet again.
It all depends on what Headwater's long term goal is.
If Headwater ever wants to sell out in future to Baytex...wouldnt it make sense for Headwater to buy Prop now seeing as it is close to Baytex assets and Baytex needs years to get in shape to expand again.
If PROP is the land that could take Headwater from 14,000 BOE production capability to 25,0000 over so many future years...maybe this happens...who knows....
PROP has a key thing that Headwater can not always get when looking to expans in Clearwater...we have infastructure and interest in NG gatherig and plant.
It is ready to go. Dont need to sink capital like other packages.
Sure land is untested but it is a gamble to wait too long...the more OBE tests and if sucessful the price can get very high.
If PROP clearwater tests good, I think we should test until we can get the followng deal as I would sign yes lol of course key assumption HVX would ever be interested or even OBE :
Headwater should offer enough HVX stock to let OBE special divy at .4 HVX share to 1 obe share and give enough cash to cover Prop loan and break up fees and 20M.
In a deal like this everyone would win.
The problem in any PROP sale is getting enough on cash part from any prospective buyer to make our bankers happy.
Who knows how our bankers would act if we ever had a PROP sale....
I would take HVX shares in a heartbeat for PROP. Better then cash as a person still get's upside of PROP through a company like HVX.
Sure all of this may be remote yet but it is a free option right now. I bought shares today and got the free upside PROP option in 2022.
The shorts have covid potential and as an OBE long I have time on my side right now. OBE is unhedged and making lots of money everyday. Varaint will pass.
Add Cardium with PROP potential and it's such a buy. I was buying untill close and not as lucky as some ogf you. Even paid 4.40 for a batch....f*ck it.
F*ck man oil is still over 71.50 backed by a good inventory report and not just hype b*llsh*t.
I have a saying..."alittle personal debt never hurt anybody" lol/
Bennys65 wrote: The headwater map is put out by geoSCOUTnot hwx..Due to how variable the clearwater is if I owned OBE which I dont I would get excited when OBE identifies they have a target and have outlined a drilling program which they as yet havnt..