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Bobwins

10/31/13 9:40 PM

#13748 RE: UIC Jeff #13745

yes, I read the transcript of the cc.

I still think there is plenty of upside. They are fairly dramatically improving IP rates while lowering all in drill costs. So they can maintain capex and still increase production.

They are being cautious until they have sold Central Louisiana but I think production will grow and the ratios are very cheap.

The gas/oil ratio is improving and many of the previous negatives should be receding.

The switch to liquids/oil vs gas is clear and the company will continue to drill the liquids heavy portion of their acreage.