RE:RE:RE:RE:RE:RE:RE:RE:RE:June presentation on line !!DLL, that may be true....us old guys remember the days of very high interest rates...
That said when you're at a point when you have no debt (cards, lines or mortgages) you will feel free...maybe you are there now...but if you are mortgage free would you take out a mortgage to buy stocks right now? Or enjoy the freedom of no debt?
That is a great feeling...all money can be used for fun stuff (outside of covering the monthly bills internet, gas, hydro etc.)
dllscwbysfn wrote: I thinkyou all worry about debt to much. I would drill Clearwater as much as my take away capacity will allow before i PAID ANY DEBT !! Lets say it cost 3 million to complete a well at Clearwater, and a month later you have your 3 million back in your pocket is that not better that simply paying off 3 milion in debt?? I hope capex is through the roof until prices cool. And if this straegy is too nerve racking than hedge Clearwater and take all risk off of the table. Oh by the way 10 more months of this one producing well at say 500/boe at these price pays out about another 9 million net. So in 1 full year you could pay off 3 times more debt and still have a producing well