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Sunday, 11/20/2016 12:52:11 PM

Sunday, November 20, 2016 12:52:11 PM

Post# of 148
This company has a majority of its assets in Wolfcamp. I have read that the estimated 900 billion dollars worth of oil in that area is actually just the price per barrel of oil, multiplied by the estimated number of barrels. However, whether or not the oil can be pulled up at a profit (it could even be a loss) is one determinant of whether or not the oil is anything to be excited about. This looks like a mostly dead board, but I'm wondering if anyone here has any input on the known geological factors of Wolfcamp, and whether or not PXD has the capability to employ its assets efficiently enough to drill at a profit (given these factors) if the oil price increases over the foreseeable future. I'll be doing DD in the meantime, and report anything I find interesting (given I don't lost interest along the way).
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