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Infinity Energy Resources Inc. Message Board

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  • 08ronh 08ronh Sep 2, 2007 5:40 PM Flag

    HI! MOOMONT!!!!

    The key for a growing E&P is the amount of reserves found for the CAPEX expended. This what all should be looking for. Right now several E&P's are not justifying their CAPEX via the drill bit. CHK seems to be at least holding its own.

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    • <<growing E&P is the amount of reserves found for the CAPEX expended. This what all should be looking for. Right now several E&P's are not justifying their CAPEX via the drill bit. CHK seems to be at least holding its own.>>

      It's one of the worst at destroying capital. Its defenders, like BShaef, justify it by saying look at the stock price over 10 years. The truth is that it has been flat to down for two years, while other comparable E&P firms have gone up.

      If IFNY gets a partner and figures out how to make good to great wells on a fairly regular basis, it will create reserves like there is no tomorrow.

      Until then, I wait patiently.

 
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