Member Info for Helpful

Interesting! I don't often get people saying that they agree with me. In this particular case, what did you agree with?

Thanks

https://twitter.com/graddhybpc/status/1450044632453337089?t=BiOm-pc1wARVBPt3NpxxPg&s=19

https://twitter.com/Amena__Bakr/status/1450165003055767552?t=3Mr-kQh7qPagFNglRP9qbQ&s=19

Hey, if I am filtered how do you know what I said?

Anyway, the only reason a cashflow company does a placing is to acquire assets or to develop assets. At current prices NTOG will banking serious dosh on a weekly basis.

xx

WTI $83.

A good day so far Trolls.

xx

Looks like you have missed your buy back in opportunity.

So LAC Gold will be spun out.

Fingers crossed

https://twitter.com/Blowster85/status/1449994305146392578?t=1lqXpK1bbuxPVzQaXRGdoA&s=19

https://www.wsj.com/articles/crazy-bets-on-200-oil-invade-the-options-market-11634463002

Kerching!

https://www.cnbc.com/2021/10/14/goldman-sees-sustained-high-prices-for-oil-in-the-coming-year.html

It is not that simple.

Re H1 AVERAGE was 84 bopd. Do you understand what an AVERAGE is?

We haven't lost 21 bopd: production was off line because of that big freeze and then it had to be put back online. Power was down everywhere, top side equipment was damaged in the freeze. On the fields I have we had to wait two weeks for power to be hooked up again. Then there was two big storms. When they have big storms, they shut in production: not just NTOG, everyone.

We haven't had that in Q3 so the AVERAGE will be higher than H1 and the current run rate higher still. On my fields we have just put two wells back online: it cost $45k to do. Everyone else will be looking to do the same, including NTOG. At $40 oil it is a maybe, should we put them back online? At $80 it is a, we have to do it now thing. NTOG has already stated it is doing a reconnection programme.
At $80 messy wells that need a bit of capex and TLC are worth it.

DYOR

If there is plenty of oil, why is it at $82 and not $40?

Billy, Billy, Billy..

I see I am going to have to make you a special project.

First read the article, you will see it is balanced.
Secondly, there is a thing called read across. The valuation of other oil & gas stocks affects the valuation of NTOG. The read across can be reserves, production, FCF or DCF valuations.
Thirdly, it is saying that all O&G companies are historically undervalued both large and small.
Fourthly, there just not enough fossil fuel to go around at current prices.
Lastly, it looks like there is a market disconnect and supply may be stunted for the foreseeable.

Q3 update shortly.

xx

DYOR

Now would be a good time to pick up a half decent gas asset.

https://www.channelnewsasia.com/business/china-looks-lock-us-lng-energy-crunch-raises-concerns-sources-2246511

https://oilprice.com/Energy/Energy-General/US-Oil-Stocks-Are-Seriously-Undervalued-Right-Now.amp.html?__twitter_impression=true

*buy back in

Still looking to time your but back in, I see.

Q3 update soon; what are you going to say then?

https://twitter.com/METhompson72/status/1448979576047259650?t=ih2xaL9buLjru6zBvcWF5A&s=19

https://twitter.com/UraniumTrends/status/1448807442553311236?s=20

https://twitter.com/PowerMetRes/status/1448951204650885125?t=5q_hicSqWGzjl97vTyaQUA&s=19