RE:RE:RE:RE:RE:Macro chatPenny take Entrada. It looks to be have land shared with both OBE and IPO.
The smaller a company is like Entrada size...harder it is to fund a drilling program with lower commodity prices.
But how will IPO be able to compete with OBE on entrada if it comes into play and is marketed in the future
Cardium as a whole is all about drilling. Minute you stop drilling and put the rig away...production clock starts ticketing for the cardy players.
Companies will have to focus 2024 drilling locatiosn as whole in the cardy on more oily side locations but how many remain undrilled? Lots of good oil left in cardy have NG and drilling is getting more on fringes as time passes.