RE:RE:Bottom line...I think the number of rigs is now not how to look at them as they drill several wells from the same rig set-up and they are much faster, drill deeper and further ERH's.
This is a deal of deals.
Watch Peyto fly, they are going to turn this short-term production, new, up another 50% to 100% very very quickly at the right time of year too.
The gas plants alone are worth hundreds of millions to build are they not? Maybe they need some sprucing up and greenie changes but with the new LNG starting soon, not too far out is 2024, seems like forever to get there.
I am not sure if we hit a wall in general with markets pausing, billions move out each year for universities and schools.
I really like this deal. It will give us a lot to talk about over the next six months.