PR any day, me personally I am hoping it is the Bakken sale that will give the biggest $$ advantage going forward the increase in oil prices up to this point and going forward are fantastic no doubt but that sale will wipe out a lot of interest payments going forward taking out an abundance of debt.
Whatever they decide will be good to hear it, loving the higher oil prices as the costs had been cut so dramatically especially power costs the elimination of those rental pumps etc took each location from $30K per month in electricity fees to $3K per month which was very nice.
The 2019 capex schedule was completed early so this further reduced costs for this Q and the 7 new wells pumping in the Delaware and 4 in Bakken will definitely add nicely which makes the higher prices even more important, always good to add production even better when it is at higher prices.
Well we should hear something this week or next with holidays, they probably having/had meeting this week and I for one look forward to the update, that (fingers crossed is sale) and OPEC cutting big again tomorrow should send us back to fair value. Hard to price a company at .25 that is gonna earn .06+ per share in Q4.
In case many forgot CC told us meeting and update early December...………… tick tock shorty's.
""Our board will be meeting in December to review a number of budget scenarios going forward, with the intent of maximizing our overall corporate objectives. We will report the conclusion and subsequent 2020 guidance at that time.""
Peace out.
