Nucular, agree, the wells appear to become profitable on current figures and modeling after 18 or so months.
The Eagle Ford oil acreage as a whole doesn't appear to be as profitable as the more eastern condensate acreage.
That said going on the AZZ quarterly numbers and projected declines it should still be profitable in 1.5 yrs and highly prized as a US onshore oil asset.
Why would EOG and others spend billions on oil acreage?
Patience will be required and I can wait. Looking forward to picking up some more if there are further sell downs.
AZZ Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
