Post by
uograd on Mar 30, 2022 6:11pm
every time i think I am out they pull me back in
Famous line from mr. pacino in godfather 3 and applies to me here.
This bullrun in oil and natural gas has been a thing of beauty and after cashing out all my beauties like whitecap, crew, arx, tourmaline, birchclfff, tve and cardinal i bought new mags for the mustang,some fancy new callaways, spent a couple of months on the beach in cancun and have not posted on stockhouse in months and months.
However after dusting off my computer and spending a couple of days going through this play here in an area worsley i know very well I have to say that this looks like the second coming of crew all over again maybe better.
helium is hot no doubt and the first well here looks like a hummer but it will be awhile before this is confirmed which is similar to other helium plays like avanti. However it is these 465 bopd light oil wells that differentiate this play. first well basically paid out in 2 months and second well coming on post break up at perhaps even higher oil prices but certainly in the plus 90 range with or without war in the ukraine. 4th well which will be drilled in perhaps early june into now a known reservoir will be a slam dunk. mIght not be 500 bopd but it will be close and will be another cash flow monster while they figure out how to suck the helium out of well number 1 early in 2023 and with oil wells like this financing on the debt side without dilution will most certainly be an option. won't be with the royal bank but won't be with tony soprano either
buying whitecap at .75 and crew in the .20s and .30s were smart moves and not sure we will see those humungous moves here but 3-4 bucks is a slam dunk if the management teams doesn't flucks things up here so like i said "every time i think I am out they pull be back in" and in bigtime I am
Comment by
Seahawk001 on Mar 30, 2022 7:21pm
I'm in Whitecap as well, lowest I got in was $1.60 at the start of covid, made some and left...only to get in $7 higher again lol why would you jump the WCP ship? Curious is all. Im doing ok here getting in at .38 however
Comment by
Seahawk001 on Mar 30, 2022 7:49pm
I'm kind of the opposite. When I'm 100% in the green it's easier to ride out than being 20-30% in the red and having second thoughts or watching capital dwindle. I'll be adding again within a few pennys + or - glta here
Comment by
forwardflash on Mar 30, 2022 7:53pm
Would you know who HELI got their Worsley holdings from?
Comment by
forwardflash on Mar 30, 2022 7:22pm
What do you think the spacing of wells will be?