The second rig was a must for me. Even if the stock suffers. Demand in Europe will be far greater than world supplies. In fact Nord stream will cost American consumers too. Where is the world going to find supply to make up for that bone head move? It’s just going to raise prices across the board. Good for TRLEF. The more gas they can cram into the system is golden for us. God only knows where we will be for SEC football race for the playoffs.
Looks like .30 brought out the retail sellers. OTCN and VIRT have been knocked off the spread for now.,
I want another 2k for $500, but wonder if we ever will see that again. Two more producing wells by end of March???
6) The SASB had US$600 million of infrastructure constructed on it, and TCF purchased the asset for US$2.5 million through a bankruptcy procedure. We think this is a company making deal and point to the success that SDE (BUY; C$27.00 PT; Analyst: Phil Skolnick) was able to achieve through buying a distressed company (Bellatrix) with already built-out infrastructure (Figures 8 & 9).
I always wondered about the deal behind all the infrastructure. $600m for $2.5m Wow! At what number of producing wells re-evaluates that $2.5m infrastructure to what it can be, $600m minus some depreciation or does the entire network become even more valuable? Throw in another $400-$680m of gas reserves and we are sitting on an easily justified $Billion Market cap. Art says there will be no need to dilute now. $3+ stock? The $1.50 target was always low in my mind. Underestimate then over deliver. I still think Exxon or Shell will buy this out after the heavy lifting is done.
I have a 2 year window in this before I roll everything into TELL for its first LNG shipment.
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