Drilled but uncompleted wells.I read every were that the drilled but uncompletd wells in the Permian are way way down.
The Henry Hub nat. gas price is once again hiting the $3 wall resistance.
Could the shale depletion coupled with the low drilled and uncompleted well explain
the recent 50% surge in Nat.gas?
Henry hub nat gas was trading near $2 this past August.
In any event,Akita running 13 rigs out of 17 in Canada and 13 out of 15 in the Permian
will generated very good Q4
But even better Q1 2025 because there will be no X-Mas break in Canada.
Will add to my already big position if the stocks goes below $1.50.
Leaving on Dec. 3rd for a month vacation in the Caribbean so wishing
the few of you who read my views on Akita a nice holiday season.
And for the Akita shareholders.I sincerely believe that 2025 will be the year of
the lift off and we finally get rewarded for our patience.
If i don't post before i leave,see you in 2025