Duvernay Assets, a big Paradigm changeWhen i think about the Shell Durvernay assets, longer wells, reduced costs, and the liquids rich condensate production, on that massive land base they got handed to them buy a super major, Its an unbelievavle of prefect time, luck, planet alignment, what ever you want to call it. One of the top deals of 2021.
Shell always over invests and over engineers everything on the infastructure side and the production side, to meet shells standards of excellence.
I really do think that the Duvernay will be the play of 2022. Clearwater is exciting, but you have to drill so many more wells to accomplish what you can accomplish with one well in the Duvernay, and it is condensate, sold at a premium price on the Food Chain.
Duvernay Players include POU, who is planning a lot of work there and is ramping up right beside CPG, and they will demonstrate equally good well results.
Chevron who is actively drilling there to the south more liquids rich gas.
Murphy who has world wide some of their best well results in the Duverany, light oil, and a well that almost produced 100% light oil at very high production rates.
CPG has entered the big leagues, and a single duvernay well is 6X equates to 6X their corporate average wells.
CPG is now in high gear and with the anticipated Duvernay wells results coming early in 2022, add another dollar to the share price.
IMHO