RE:RE:RE:RE:RE:Ramping up Clearwater drilling.FreddieSanford wrote: Johnny ... I've read your sentiment on the issue of "meaningful" returns to shareholders in a number of posts you've made on the issue.
In your opinion ... do "meaningful" barrel increases via Clearwater not become as compelling and/or more compelling than sole focus on the divvy or share buyback program you are pointing to?
I like all three avenues and am simply wondering if "meaningful" barrel increases via low cost Clearwater can excite the market more than the other two ... and of the other two ... "meaningful" barrel increases potentially being a far better direction than share buy backs at these prices.
I honestly don't care which mix they ultimately go with ... just want the biggest bang for the stock as possible and carried interest with divvy action going forward from there.
if I were to rank increased capex, buy backs and dividends I'd rank them in reverse order I just wrote them. That's just what I think based on listening to the talking heads. There's been so much talk about it, if it doesn't materialize I think it's a problem. Just my opinion
so Clearwater. I think that there's already going to be a very pleasant upside surprise with Clearwater. Wolf tracks the drills, and you can see that they are going hard early. They've said 18 new wells. If the wells average 500 a day, that's 9000 daily. So either an existing asset has a significant declIne this year or we exit 2022 around 90,000 daily. Again just my opinion. The 18 new wells is a public number. Who knows, maybe prod averages better than 500. But I do think it's going to be an exciting year.