RE:RE:RE:RE:RE:RE:OldnagHunt,
the info was part of my published DD, on this board, way back in the BBI days.
Those days it was more of a scientific exercise and it was free for anyone who looked for it.
Later, after the "@Lukasknight" period and the emerging "Righand et al." era, I hinted a few times at it.
Nobody took the bait though.
Currently much of this information has been proven up, collected and is published commercially.
Ref.: https://webfiles.canadiandiscovery.com/public/LCRD/studies/MRGG/MRGG_Brochure_1.pdf
Tell me, should I purchase it for the benefit of this PIPE community?
The basic geological theory (it was more than just theory though, there was already some/much proof) from those days surely excluded locations that were not/little drilled yet.
Local deviations like temperature, pressure, radioactivity, permeability, watertables and so on were definitively not described.
So, due to unexpected and unlucky (very) local conditions, it might be true that western PIPE lands produce better (i.c. financial results) than the western BBI lands.
However from (1) production results published by PIPE, (2) the theory, or we could by now say: The Montney model, scientific foundation and (3) the insignificant small amount of drilling in the current central PIPE lands, one may not state such as a fact.
If one does, my reasoning tells me that "one" is not speaking a verifyable truth. Alternatively some remarks could be made concerning the produce of a male bovine specimen.
I would like to state and in doing so, possibly/surely exhibit my ignorance in the field (right Casper?), that western BBI lands are financially better than former Pipestone acreage.
Said it before, at the time that BBI became PIPE and I probably will have to say it again.
The best is yet to come.
The sorry thing is that we, the longtimers, will not reap the best results.
For me it's like NLC all over again.
We'll be sold too cheap. GMT will capitulate.
The buyout will not be higher than our previous ATH.
All longtimers will be smiling, have no fear.
However, it will be too cheap.
As far as timing is concerned?
By the time China will seriously ramp up again and oil will reach a demand crushing price of $180/bbl. We will see that price for some years to come.
By the time that PIPE is sold, I will see that I've sold much of my 35% PIPE position too cheap, but I will also note, that the companies that I bought with with those proceeds could not be purchased with those future proceeds of the same number of shares.
Don't worry, I'll be fine.
Have fun.
Huntamun1234 wrote: Ruud, as usual, tremendous analysis ! Way above my pay grade, but im fairly certain once Joey discovers your prowess and slides you off ingore, he will enlighten all of us how the show reallly works. Tnx buddy !