RE:BEST SHOTIf we have multiple price expansion maybe even 60% of past days it could even do better.
Especially if debt gets paid down say by at least half, production goes up to 120,000 boe/d with 12 plants operating, new deals new land.
I have a hard time believing that BIG SUNNY will ever get developed unless someone drilling like crazy wants to put some production away for some reason. At current prices year round this may never be the case. SELL WHAT YOU CAN.
One of my lingering questions is:
Peyto has an apparently decent amount of land to develop. How much is top quality multiple zone potential?
How much is available through Provincial land sales going forward?
Owning a bunch of land is great but if you never ever get a chance to develop it???
With no surprises I feel $15 to $20 is very doable this year so Shenty will be in his euphoria zone.
Wish I had the money to buy a bunch of calls. Deathknell.