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Petro Matad Ltd. Message Board

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  • sheetwise sheetwise Oct 24, 2011 4:37 PM Flag

    My Indicators say Put in a buy order at .85

    Well after well, it's nothing but excuses. water, damaged formation, tight needs fraccing. This isn't like Bakken where you get 500 barrels a day free flow and frac it to get up to 1500 per day....they are getting nothing freeflow and hoping to frac what...maybe 10bbls a day?

    At some point they run out money before they run out of excuses.

    Good luck, i could be wrong but there are probably better places to invest your hard earned money.

 
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