@KingMidstream@SadBillAckman They touch a lot of Alberta’s gas, and with prices spiking, i’m guessing that customers are fighting to get every mcf they have processed. Good takeout potential too, Pembina still hungry and cashed up with IPL break fee. Best to go before KAPS is up, and avoid competition issues
@PlayOverwatch Want some proof the reporting system is busted? I have played with this guy a number of times and he just commits suicide every time. Should be banned for life.
@fundstrat@ericnuttall Just wait until the world figures out that tier 2 and 3 wells are nowhere close to as good as the tier 1 stuff that has already been drilled up. They’re exponentially worse. All reserves are not created equal. Think rivers, not oceans.
@aeberman12 If the global marginal revenue (oil price) is less than the global marginal cost, then shouldn’t all net producers on the planet limit their supply? Sounds like the US is thinking like a resource owner...
@Ana1Sima Probably look for strategic partners and restructure debt/equity. Keep in mind that its a much different business than the US. Op costs are single digits/low teens and have lower leverage. Bigger problem will be for small conventional producers.
@EnergyPointInfo@business Seems more like the moves of two corrupt nation-states that want to crush a strategic industry to the economies of free-market oriented oil producing countries (in particular the US) to drive prices much higher once they lose that capacity and gain a long-term advantage over them