Global Value Investing

[Drexion2004]

Yeah I know they still model for 65% in their presentation -- Maybe they are hoping this new fracking method being introduced will bring them back inline with that.

Don't get me wrong, I think buying it now and holding till they report Q4 will provide a good return to investors -- Especially if they can hit their oil production exit-rate that they project by the end of the year... At least if Oil does not go down much further...The netbacks are quite high for the quality of oil produced but this producer definitely suffers more than most from any drop in oil price.


-Fernando