Post by
uograd on Feb 04, 2021 1:22pm
interesting decision not to capitalize well workovers
cj is going to expense about 2 bucks a barrel for well workovers and such this year which is actually a sizeable number.
it makes there capital outlay look lower but is a bit of a trojan horse.
i think it was pennwest that got into big trouble with cra a few years ago when they capitalized this number. it is a grey area but bottom line is well workovers pay for themselves hyper quick especially with so much service gear on the sidelines and available for a song. They likely will wait until after breakup to do this work but should certainly give production a boost later in the year for little dough.
Comment by
mlcb2525 on Feb 04, 2021 1:48pm
You must be losing your shorts................your post sounds of desperation and fear. The receipe to $1.50.