RE:RE:Can't Wait
we are now trading for just over 26k per flowing barrel.
well over 50% free cash flow at current prices.
Did everyone see the massive increase in drilling that OBE is proceeding with? They went from 100 million in first quater and 150 million total for the year to 300 million total.
I wonder if the market is going to punish them for a return to old school MGT disclosure BS or reward them for growth?
I remember a few months ago Nuttal or maybe Tahmazian saying something like watch for a managment team to put out their numbers in the first quarter, then move some spending forward and then end up doubling the spending for the balance of the year. They used that example for a management team to avoid.