OEDV another good post from ED on SI board today,Osage (OEDV.OB) -- Someone asked in a PM about valuation, which reminded me that I forgot to reference my earlier post on this, #161909. The PE report discussed in that post was obviously done before this Devon well, which, if analogous to Osage's acreage, would not only substantially increase the quantity of potential hydrocarbons but would also substantially increase the mix of oil vs. gas.
A prudent investor would probably want to wait to see the 30 day IP rate for at least the first Osage well before buying this stock, which is all good & dandy but said investor should be ready to ante up significantly for the privilege of having that additional info. I believe we could be getting news on the first well as soon as next week.
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