Hi folks:AZZ is doing a bit better than other OZ oilers right...

Hi folks:

AZZ is doing a bit better than other OZ oilers right now. The buy back program may be having some effect, but also some supportive market sentiment for their real performance, I think.

As for the weekly update, management didn't hype the Northern Star results much, in my opinion. They did state the derisking effect (which is significant) and placed the Northern Star (Archer16 #1) result at the top of the list.

I can visualize another oiler making this a headline item on its own. Maybe AZZ management are hearing the critique from IcedPaladin and others about over hyping. (To be fair to AZZ mgt about the $1 price issue, my reading is that $1 is AZZ's goal, expectation based on projected valuation, and trigger for mgt bonuses, not a promise or hype.)

Meanwhile, other info in the weekly update ranges from good to mixed. The good includes Aloe Vera 2 actually increased BOPD from 20-day to 30-day result. The so-so is that Cottonwood A1 BOPD fell from 225 to 169 to 126 at 10, 20, and 30 day points, respectively. But overall, AZZ seems to be robustly building the business.