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Synergy Resources Corporation Message Board

  • winallin12 winallin12 Jan 11, 2013 9:19 AM Flag

    A caution flag with NG prices

    A caution flag for Synergy is the continued low NG prices. I believe NG makes up 45% of the total boepd produced. In the conference call management pointed out that the new horizontals are a bit gassier than expected.

    Synergy can benefit greatly with a strong increase in gas prices but now in the heart of winter prices are actually trending down from their highs a couple months back. If they get down into the mid 2s where they were last year this will not be helpful.

    On a positive note they are doing very well even with these very low NG prices

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    • All true. What gas they have hedged so far is at on OK price as per the conference call. It is just a matter of time when natural gas prices will turn up. We should be exporting some as LNG to the far east but we don't have a real national energy policy. Also use it in semi's and other commercial vehicles. Factory and utility use is already going up replacing coal produced electricity.

      Sentiment: Buy

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