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Constellation Energy Partners, Ltd. Şti. Message Board

  • pvxbasher pvxbasher Oct 17, 2010 2:21 AM Flag

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    and thank the lord that people are getting the hang of this stock before they get hung!!!!

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    • Indeed, I've been tinkering around with finding a formula to peg the price of CEP vs the market price of natural gas. Given that CEP's lifting costs are about $3.60/mcf and the current price of natural gas is $3.60/mcf, the hedges are the only thing keeping them afloat. Since the hedges extend out several years, it is possible that they will survive until the next price spike.

      I just wish these guys would/could find a way to drive down the LOE costs to make the field more economic. PostRock is trying to use submersible pumps and horizontal wells.