Bullboard - Stock Discussion Forum ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s): CETEF

Energy Oil & Gas Drilling

ACT Energy Technologies Ltd., formerly Cathedral Energy Services Ltd., is a Canada-based energy company. It is a partner to North American energy companies requiring high-performance directional drilling, measurement while drilling (MWD) and rotary steerable services, as well as in providing remote operations. It operates in Canada and in the United States as Altitude Energy Partners, and in... see more

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ACT Energy Technologies Ltd > "$45 WTI is the new $55" in the Permian

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Post by auburn2 on Sep 24, 2020 12:04pm

"$45 WTI is the new $55" in the Permian

From something I read:

The Permian has had some of the best (half cycle) returns in NA. This was despite basin diffs which blew out as high as $15 / BO and $2+ / MCF. Include a bit of cost deflation and $45 probably is the new $55 for many of these plays.

https://www.investorvillage.com/groups.asp?mb=19168&mn=290203&pt=msg&mid=21161299

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Comment by auburn2 on Sep 24, 2020 2:49pm

Premium well count from EOG: https://www.investorvillage.com/groups.asp?mb=19168&mn=290217&pt=msg&mid=21161720 Recall: EOG plans to “accelerate” output in the 2H: https://stockhouse.com/companies/bullboard?symbol=t.cet&postid=31103089 EOG, America’s largest shale-focused producer, plans to “accelerate” output in the 2H after shutting in ~1/4 of its crude in May, Permian ...more

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