RE:Eric Nuttal is not a technical expert- I have ALWAYS VALUED your opinion (with regards to NVA and KEL) but I THINK your are MISSING the POINT HERE
- I have NO IDEA HOW GOOD the 'TECHNICAL EXPERT' of Eric Nuttall is but I REALLY DON'T CARE
- my ASSESSMENT of the SITUATION FOLLOWS the 'monkey see/monkey do' SCHOOL of THOUGHT
- the LEAD monkey is Marathon Oil (MRO) and the COPY monkey is Baytex Energy (BTE)
- BTE would have LEARNED A LOT from SUPERIOR OPERATOR MRO in the Eagle Ford shale area of operations
- so I am POSITIVE that BTE will be USING the MRO DRILLING METHODS on the new Ranger Oil shale properties
* this is WHY i believe that BTE will PRODUCE MORE PETROLEUM PRODUCTION from the Ranger Oil lands than Ranger Oil DID PREVIOUSLY
- from PAST HISTORY , Eric had a LOT OF FALSE STARTS on BTE but I BELIEVE that he GOT IT RIGHT THIS TIME assuming that WTI does NOT FALL BELOW USD 60 per barrel
- going from memory, his MAJOR BUYS on BTE started around the $3.50s so his FUND is MORE VULNERABLE to BTE than SAY ATH or MEG where he is STANDING STRONG
z173