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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (161071)	12/15/2011 2:19:11 AM
From: raybiese	1 Recommendation Respond to of 206084

Dennis: Thanks for the CS quickie analysis of PBN.TO by CS. It looks like they will (hopefully) be off the rapid decline treadmill probably in latter part of 2012. "As PetroBakken’s production base matures, a lower base decline rate appears to be enabling continued growth with less capital." As the number of horizontal wells increases that have hit a much lower decline rate, then a lower % of cash flow is needed to maintain production. It's like building a 50,000 bbl/d company at 50-100 bbl/d/well. It takes time and a lot of churn & burn on capex with rapid capex recovery. It's on my watch list. Right now I'm holding off on new investments until the market goofiness abates a bit. Everything is so correlated. Very much a traders environment & not an investor friendly situation. I'm just hiding under rocks these days trying to keep my fleece intact. Well, maybe not intact. Perhaps 'less singed' would describe it better. Ray