That LINE dosen't hedge any of their NGL's because it is not practical to hedge out the NGL's. As well he stated that they canonly hegde out 12-18 months in advance for you have to take a 20% haircut from the current price. Which is extrenely difficult to do over a 5 year period. Therefore it is not practical to hedge out our NGL's. If the market becomes more fluid we will lokk nto the hedging. As far NG and Oil they are hedged out 100% till 2016.
So sand and norris have NO IDEA what they are talking about as usual.
It was on their last slide....but I have not looked at their presentation for a while...... but I think Linn did their ngl hedging differently than EVEP did theirs.
You can find out the 2013-2016 ngl hedged quantities by searching for some detail on the Hugoton deal, and the hedging updates on linn presentations.
Then the Q & A section of the Linn cc's where ngl hedging is discussed and they say why it is not usually done......Mr. Rockov explained it.....think you can find it or do you need the time & date of the presentation also?
It came right from him to my email. I asked the question right on LINN web site. So sand and norris are totaly blowing smoke up the #$%$z of here. If you want the truth go to the source and they will confirm what i recieved and wht rlp posted as well. Our 2 experts are wrong but will they admitt to this. Noooooooooooooooooooooope.