Last month, I wrote about a deeply discounted Canadian oil and gas producer trading at less than 3x cash flow and a fraction of its reserve value. The thesis centered on improving results from a new oil development, with stronger Canadian natural gas prices providing another path to upside.
The shares have performed well since publication, and the repeatability of the new wells remains the center of the thesis. I recently spoke with the company’s CEO about the well results, its larger capital program and the outlook from here.
Disclaimer: I and funds I advise own shares in the company discussed and may buy or sell them at any time without further notice. This interview is for informational and educational purposes only and isn’t investment advice.
