RE:RE:RE:RE:RE:RE:RE:RE:Harel1976 Wcp, I 100% agree with all that you wrote. Side note on Colombia. The steep discount on operators there is because of President Petro's oil royalty tax grabbing and anti- hydrocarbon policies. The same drag on sp in Canada because of twinkle toes in Ottawa. But Colombians, who gotta be about the fiercest people on the planet are sick of him. Their standards of living are going down because he's by nature a very talented parasite but knows nothing about what it takes to create wealth in the first place. So he goes around confiscating other people's hard earned money in order to buy the votes promising free money of the influencial minority of other psrasites which I read makes up at least 30% of any population. In Canada probably 50%. But we have many friends living there. Even the parasites have seen their standard of living decrease. Most people hate him and wish that he'd fo to Cuba.
Eagle Ford in Texas: Baytex reported $58 USD per barrel break even cost. Their netbacks because of their hedges is around $20 USD per barrel. To remain viable they need around $80 wti price. As you point out West Texas Permian has amazing netbacks because of low break evens which is why XOM paid $60 billion USD for Pioneer a few months ago.
Guyana: Your guess is as good as mine with respect to fec/cgx. I haven't got a clue as to why share prices are so low. Need more info as to what EURs are but nobody is saying nothing. As you pointed out last month it will be interesting to see SLBs field development plan. Fec probably paying big bucks for that. Of course to get to the planning of field development lots of info must be known. So where is it?