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Sandridge Mississippian Trust II Message Board

  • ceberus7 ceberus7 Feb 23, 2014 9:04 PM Flag

    SDR might be a really good buy here

    Because NG storage levels are lowest since 2004, another cold winter and you will see NG at $8. Correct me if I am wrong, but PV-10 calcs stipulate that a forward value of $2 should be used for NG.

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    • "Correct me if I am wrong, but PV-10 calcs stipulate that a forward value of $2 should be used for NG."

      You are wrong. If I remember correctly it's based on the price during the last x quarters. Why would you have to use $2?

      As for another cold winter, it really depends whether they manage to completely fill storage during injection season. So probably whether the summer is very hot is of more immediate relevance than next winter.

 
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6.69+0.29(+4.53%)Aug 22 4:02 PMEDT

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