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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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To: Elroy who wrote (129)11/7/2025 3:31:48 PM
From: FIFO_kid2   of 131
 
Since it is not economic to drillI and if your depletion rate very high (which is true for fracked bbls) as the wells age there will be much more volume of produced water.

The well will lift the same overall volume but the makeup of the bbls will be primarily water.

This was the main reason why I liked the water business in a fracked well. You can potentially get major processing revenue and/or disposal revenue growth as the wells age.

As for the trade I don't think NGL is highly followed by many institutions coupled with relatively low daily volume hence you were given the arbitrage opportunity.

After hours trading also is very inefficient and the date and time they reported had many other firms doing the same.
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