So I guess our disagreement lies at this
"Last year 22 wells if they do 24 this year that’s not a lot of difference if you separate them without the follow on flow from the 22 wells into this year."
Most people are aware of the tail off income from wells
But when forecasts drop 30 odd percent it’s the market sentiment that falls dramatically
I’m not disagreeing with the income from previous years wells or that it does not exist it’s the market that disagrees that is why the price is low.
It often overshoots on the down side.
Not investment advice, do your own research, and consult a licensed adviser
SEA Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
