Post by
BigSchlick on Jul 17, 2022 12:22am
Q1 wells already in the GREEN
According to Q1 financials tve drilled 37.5 net wells. The payout on the wells is under 4 months. Therefore by Q2 end these wells were bought and paid for. If these wells average 200bbl/day x 37.5 wells, that would be 7500 bbl/day added. With 116 net wells total targeted for 2022 (according to march presentation) the profits will keep rolling in on these highly economic wells and the production will keep on increasing. They are keeping very low key about how much they will be producing by year end. HWX and Baytex both have year end projections in their presentations and/or Q1 financials. TVE is yet to pump their own tires but I think we know what's coming
Comment by
Mr.Nugget on Jul 17, 2022 1:30pm
Sadly Brian will be announcing another aquisition using the cashflow. The stock will not be moving much for the rest of the year. Meaning share buy backs are planed in 2023 Q2/3 to start.
Comment by
Re1ndeer2 on Jul 18, 2022 8:28am
I would prefer Brian and Company be a little more vocal on Clearwater progress...A monthly newsletter with Key points 1/ Safety Performance 2/ production 3/ Budget compliance 4/ debt reduction......keep surprises to a minimum
Comment by
Seabass9 on Jul 19, 2022 2:39pm
I coudn't agree more. This stock is very cheap. Big opportunity at these price levels. Oil is not going away even with rate hike environment. Buy the dip stay long!