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James's avatar

Hi Dave

Thanks for your thorough work ! Pardon the question but why do you not own any stock in HighPeak ? Seems irresistibly cheap ??

James

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Dave M's avatar

Hey James. No sweat. Always a relevant question. I covered this in my disclaimer. I am expecting to take a position in HPK in the next couple of days. Everything I've been able to uncover-purely public filings, suggest it's a top pick for growth in this sector. Cheers, Dave

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Oct 16, 2022
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Dave M's avatar

Hey Terry, thanks for the comment. A reminder. I am just a dumb old mud engineer-dumbest guy on the rig. Your thinking is a little abstract for me...at least as pertains to the substance of this article. Cheers big guy and happy investing! Dave

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Oct 17, 2022
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Dave M's avatar

Cheers Terry. Still a teensy bit abstract for me, even with your illuminating rhetoric as an explainer. Mud engineers are very simple folk. We like a good material balance that suggests the well isn't coming to see us. Nice returns at bottoms up, suggesting we aren't losing to the formation. And, when we pull a few stands, the hole takes the proper amount of fluid. Simple things. The sweetness of life. Cordial returns big guy!

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James's avatar

Terry which kind of mushrooms are your favourite ? Do they blur the distinction between abstract and concrete ? Maybe even liquefy concrete ?

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Dave M's avatar

James, I am thinking you and Terry could drink a beer. Your spelling of "favourite" might suggest an ocean lies between though. Cheers

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James's avatar

I suppose one of the biggest risks is this:

I doubt takeaway will be a big issue here. If it is though, it's a problem for HPK's growth plans, as the default would be tanker truck and rail.

Is the lack of hedging also a bit of a risk ?

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