PRMRF - The Next Permian? Compelling Economics And Discounted Valuations In The East Duvernay
As issues pile up in the Permian and as Permian focused E&Ps see under performing share prices and peaking well productivity, another shale play is emerging to contest best-on-the-continent growth and economics. While several have shown promise, one has seen incredible productivity increases and 100%+ annual production growth while flying under the radar: the East Duvernay.
The above production chart from BMO shows an astonishing 1000% production growth from the start of 2016. This play has remained mostly un-discussed and undiscovered because it has been led by two excellent private operators: Vesta and Artis (backed