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@troyboy ... pick 'em cheap at 0.005 or paid up at 0.006 or higher? Good luck.
"
typical hotcopper nonsense" - interesting perspective now isn't it. Now why is it nonsense? You've got bulls and bears trading "opinions" ... and yet only one half of the exchange seems to be considered as nonsense.
A previous personality here thought I needed an education in the O&G industry when I suggested the price of oil would have little or no effect on AKK. Guess we found that out. Being long many O&G names I want the oil price up, but I hedge that with short oil (commodity) on futures. That part didn't work out this past month though. All that OPEC blah blah is nonsense wrt to AKK.
So what else is nonsense?
@gassed if you don't mind I'll use you/our prior experience. Waiting around on flow rates wasn't particularly useful last time with AKK (it was with the EFS project when Halcon drilled the first farmout well). It certainly wasn't all that useful over the long run with ICN and the multi-well program to prove up 2TCF of Contingent Resource in the Cooper Basin now was it.
So what else is nonsense? NOT having a pre-defined (yes I do mean in advance) and supportable set of targets by which to measure the impact of those flow rates. The company talks about Pathfinder in terms of hundreds of wells. They are the ones setting the long term expectations. It is prudent to be prepared.
So what is not nonsense? Well what did
@troyboy write? "
...have lost money as they failed to manage their risk."
But what is risk?
In the same post
@troyboy writes "
... those who are invested need to just sit back and wait ..." is that nonsense? What has that gained for those that chose to follow that route over time?
Two or more sides to every story.
Good luck
