I suggest that you read some of the company accounts like cash flow, profit and loss etc. This sort of commentary is like visiting a clarvoiant to do the finances for your business.
Thank goodness for the sense spoken in the later report thread.
11 rigs is interesting, I guess it counts workovers. The deep drillers are the ones that get me excited.
It takes a fair degree of discipline to hold production, run quite and dampen competition for acerage purchase. A lot easier if you don't need any money. Can you imagine that perfect situation where we get another 10 -15 rigs that marginal producers have to let go and we attack the expanded acerage at 50 wells a month.
What's the plural of piddly? Piddifull?
FDM Price at posting:
$1.15 Sentiment: LT Buy Disclosure: Held