RE:RE:2022I do think OBE's management is prioritizing debt repayment and isnt growing production at all costs as it looks like OBE hasnt run any rigs over xmas.
It looks like they times the spuds of all three wells to be finished just before Xmas.
This is normal as utilzation is down right now for alot of rig companies and in Jan it will be really busy.
IPO parked their rig over xmas. Bne same.
YGR is only public cardium company that drilled right though xmas.
I am was talking about if OBE has extra FCF due to high commodity prices...spending extra capex to get inactive well list to 100% by end of 2022 would be money well spent in my eyes.
If oil can trade at 80-85...companies should be doing this.
Same with power production..if it makes financial sense and lowers long term operating costs...the time to do it is when cash is rollin.