cmonaussie, you are really funny. Glad to see that you discovered the rail option. But by discovering the rail option, you shot yourself in the foot unfortunately.
So I will let you know that thanks to the rail option, several Permian Basin producers (primarily the BIG ones) receive the SAME PRICING like the Eagle Ford producers. Not ALL Permian Basin producers receive WTI Midland.
It is also so pity AZZ does NOT receive the PREMIUM pricing (Light Louisiana Sweet) LNR receives, because it does not use the rail option. This is actually an additional reason (aside AZZ's sky high debt) why LNR should carry higher key metrics than AZZ.
Regarding the distance between Permian and Eagle Ford and your vertical versus the horizontal wells, you definitely entertained me. The product from both wells is THE SAME and is called LIGHT OIL, NGLs and NATURAL GAS.
What AZZ acquisition offer means for LONESTAR RESOURCES, page-7
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Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $3.91K | 1.352M |
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|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 23649539 | 33 |
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| Last trade - 13.58pm 08/11/2024 (20 minute delay) ? |
| LNR (ASX) Chart |