RE:RE:RE:RE:RE:RE:10 years "Tier 1" acreage/wells.I think the point of vew shared by Mr. Nuttall and a lot of investors who have traded oil stocks in Canada for many years is that they want prompt, direct benefits to shareholders (either through share-price catalysts like buybacks and debt payments, or through dividends). They do not seek large new capital expenditures that increase debt and may not payback for several years..
You could reasonably call this view shortsighted, but it is very understandable given the extent to which investors were burned in the 2013/2014 collapse of oil prices, when many companies doing extensive capex and carrying large debt were hurt badlly when their assumption that high oil prices would continue proved false.
Why should investors risk the longer tierm play, if they can get payback sooner without the risk?