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Constellation Energy Partners, Ltd. Şti. Message Board

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  • rrb1981 rrb1981 Dec 26, 2010 4:25 PM Flag

    CEP acquires oil properties

    Will be interesting to see what kind of hedges they layer on this production.

    Frankly, this isn't much of a deal. It is a baby step in the right direction and perhaps they have additional assets in sight, but these guys need drilling opportunities because the IRR's are typically much higher on infill opportunities vs purchasing production.

    CEP is going to need to hit some homeruns to turn this around, that or they are going to need to hope $6.00/mcf natural gas comes back soon and they can extend hedges out another 3 or 4 years.

 
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