Thursday, September 08, 2016 8:00:17 AM
no spudding until 2019 - that, apparently, will be their motto.
personally, I'm sick of this crap. whether you drill in 6 months or wait until 2019, the bottom line is the one-single-act you are doing is DRILLING. You must drill by 2019 - WHY WAIT? Do they have a crystal ball that clears away all the uncertainty in 2019? Do they know that it will be a better climate for drilling?
Getting a jump on drilling now, I argue, can put you in a better position when supply shrinks and prices go up. If, by some chance, we drill and strike oil now, what happens? WE CREATED LEVERAGE!!! They can then put a drilling program together and move forward a heck of a lot sooner because they CREATED HENC CURRENCY.
vision and risk is needed....we lack both.
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