Gee I wonder why sand bailed as well. Could it have been that we were right and he realized Norris was living in his lunacy world thinking of 44.00 per unit. When they bail they bail quickly without notice. Just like cramer.
There has been no cliff in the hedges. The year to year change has been about 9.4% decline. But then LINE was also layering on swaps and puts for Hugoton and Jonas with expected increases in production. As you now know and so does every one else, your delusional figuring on sale price per mcfe was off by 50%+
There has been a crash in the prices on ngls which were not hedged or hedged ineffectively. There is also field level ethane rejection blocking production growth.
Not to mention again that natural gas is about 80% higher than when the Hugoton and Jonas acquisitions were made. So spot prices are likely well above the past and current put prices.
You have a nasty dark and pointless existence. It does not have to be this way.
Clearly I made a mistake with LINE. Management did not execute on production growth and Hogshooter was a wipeout. The SEC could not have helped the shorts more. These are not deterministic events which any person foresaw.
The compression in ng prices was a known factor not a surprise. Known factors do not move share prices.
But I am sure you will prattle on as you do. Looking for real Americans to join you collective of the racist and ignorant. So far I read plenty of your imaginary friends and thankfully no real Americans.