RE:RE:RE:Top Clearwater Wellsriski wrote: The clearwater production is most certainly increasing but it is being offset over the past year or so by declines in other acreages in the portolio where less capital is being invested. This is standard operating procedure.
HeavyBanana wrote: The initial hype for Clearwater and the stellar results to date are seemingly already baked in to the stock price. Unfortunately it wasn't as big of an impact as everybody thought it would be early on.
I think the way to start seeing increased value as shown in the stock price from the Clearwater play would be for the company to increase guidance on annual production from Clearwater in a meaningful way. Currently it is a very conservative approach to production, imo.
Riski, I think part of the conservative approach to production increases on the Clearwater play relates to the agreements in place with the First Nations of the area and being mindful and respectful of having them comfortable with the level of work being done in the area.
A proven track record in the area of respecting the First Nations view whilst demonstrating the benefits of the play through measured production increases wins the day.
I'm not suggesting the strategy is flawed in any way. The measured approach just hasn't had as meaningful an impact on the stock price as was hoped for early on in the speculation phase of the play.
I believe the First Nations will in fact agree to meaningful increases in production as the play matures and minimal impact is demonstrated all the way through.
My thoughts on it anyway.