We currently own $CLR and like it more for its STACK leasehold than core Bakken. It seems to be doing the right things, hopefully Mr. Hamm continues to do so.
Good article, thank you. I read in the Financial Times recently that break-even prices in the SCOOP and STACK are down to around $35-$39 per barrel. This is highly significant when considering that break-even prices in countries like Saudi have to take into account national budget issues and they need around $90 to break-even. Many #OPEC producers need that figure or more.
I use to own $CLR and will probably buy back in again soon.
Bakken Update: Well Economics Are Improving As Costs Decrease And Enhanced Completions Improve Production, Part 2
Thanks James,
We currently own $CLR and like it more for its STACK leasehold than core Bakken. It seems to be doing the right things, hopefully Mr. Hamm continues to do so.
Bakken Update: Well Economics Are Improving As Costs Decrease And Enhanced Completions Improve Production, Part 2
Good article, thank you. I read in the Financial Times recently that break-even prices in the SCOOP and STACK are down to around $35-$39 per barrel. This is highly significant when considering that break-even prices in countries like Saudi have to take into account national budget issues and they need around $90 to break-even. Many #OPEC producers need that figure or more.
I use to own $CLR and will probably buy back in again soon.