Post by
dllscwbysfn on Nov 03, 2024 5:55pm
Questions and thoughts
So we have all these great wells and yet they need to spend 1.25 B just to maintain production. So if you drill your best locations first and costs go up over time(inflation) is this sustainable??
The other thing that seems odd to me is they say they reduced debt by 100M in Q3. So did they actually pay off debt or is this simply due to a change in FX. So considering that the cdn loonie has dropped by over .02 since the end of Q3 what would their debt be today?What happens if it falls into the high 60's. Any thoughts??
I used to be such a big believer in this company but I think they need a steady 80 WTI or higher to really make a significant move to the upside.
Comment by
Frank007 on Nov 03, 2024 6:09pm
You r dead right ...at this oil rice it's a hamster wheel ...drilling yourself into zip a d doo dash ....