Post by
swale13 on Jan 07, 2024 1:11pm
Lets thank our lucky stars
The defining advantage for TVE ..as well as oil sands players… is having no issues with reserve life
One of the things that is happening … money at 6% is not money at 3% and the first thing to go is exploration geology … that means that our competitors wherever it is that they may be in the world … will not be out there exploring … so a lot of stuff is not going to get discovered and a lot of properties are not going to get developed because they simply can't afford to take a 6% chance on poking holes in the ground in a mean intolerant market
With 6% money the next smooth talking presentation/deal delivered by a mid cap trying to build a firm on issuing paper and debt will be tied to the stake and burnt to the ground
Note: We should expect some infill clearwater sections may be added / purchased in moderation
Comment by
wannabebuffet on Jan 08, 2024 4:24pm
"Note: We should expect some infill clearwater sections may be added / purchased in moderation" Tie-ins make good business sense. TVE does this well. Makes access easier and reduces paperwork. Just should be done 'in moderation'.