I own a few ORG (in preference) to STO. just my personaly risk / return perspective!
to answer your question - yes - I have owned this stock previously (many yrs ago), circa 4/share ......early 2000's .....
prod - assumg Narr - would add 30-40pj's p.a. .....tight gas (actually reqd imho) could replace "conv" in the CB ......
downside case - no fracc, flat OP - then prod declines domestically .....capex still reqd for CB to furfill exsisting contracts ....
this (obviously) impacts free c/flows ...
at current OP futures curve - circa 450 - 500 (my est)......obviously leveraged to OP.......oil prices runs to 70-75 : then this is a 6+stock (imho) .....
GM12 - sto have been producing "tight gas" for at least 5-6 yrs ........many many wells have been r/c in tight sst's ......
