RE:RE:RE:RE:Bargain?It will be interesting to see how your timing plays out. I am on the other side of that trade. I figure the deep value protects me long term, no matter how current quarter results swing the shares.
With ever increasing costs of drilling wells (materials, labor, regulations) I see the advantage of SAGD wells that will produce for 30 years with modest maintenance a huge advantage over the shale model of continuous driilling of rapidly depleting individual wells. Shale producers are on a treadmill where more and more capital has to be applied to keep production constant., let alone grow it.
Just my thoughts. You can say I told you so if we enter another down leg.