Cash flow is king, so as soon as AZZ gets a sniff it will go straight into the sales pipe imo. Once the frac is completed 99% of the well costs have been expended so the gas price becomes irrelevant as ongoing costs are negligent. You could mount a counter argument as the 1st six months contain the highest gas flow, wait for the right price but AZZ need the cash to continue drilling future wells.
Charts Vs company news :- this argument will never be settled. Best left alone to sustain harmony.
Watching the fraccing video (which was excellent so thank you), AZZ needs to enter/withdraw from the well 44 times to do 11 fracs. At 3-4km each time, I'm not surprised it hasn't been completed yet. Especially as AZZ got off to a late start due to wet weather looking at the photo's in their latest ann's.
Doesn't make the wait any easier though.
I hope everybody still had a great xmas without the flowrates.
AZZ Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held
