Post by
kavern23 on Aug 11, 2021 12:19pm
OBE second half Capex.....
What split are people using for Q3 and Q4 Capex?
I am assuming 30M in Q3 (+- 3M either way) and 50M (+- 3M) in Q4.
I dont think it is debatable that Q3 will be much lower then Q4. It will be.
The drilling is the cheap part,
Just to remind the "panickers"....Q4 is when it would be ideal for OBE to have the highest prices for the year in both oil and ng....as Q4 is when OBE will have it's largest capex.
IN Q4....Covid should be down by then and oil shoild be 70-80 range.
But in Q3 here....OBE is still going to easily FCF on a 30M capex and still further pay down debt.
Only way I would have any concern right now is if OBE was on pace to cf lower then 30M in Q3.
But we will smash that. Half od Q3 is done already basically.
I suspect OBE has puposely paced the drilling so that we dont go over the 28-33M range for Capex in Q3...prob explain the turn around time in Pembina between wells being longer.
If we can hit 1400 BOE combined in Sept on our new 3 well Pembina pad like IPO has been doing...we are f*cking laughing....
Comment by
Tim14235 on Aug 11, 2021 3:07pm
Totally agree. We are so close.