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GMX Resources Inc. Message Board

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  • kzap15 kzap15 Oct 5, 2010 7:16 PM Flag

    GMXR GROSSLY UNDERVALUED

     

    Maybe, but it sounds like the issue is that the delay in finishing wells hasn't let up so this is a way to monotize the excess rig and reduce cap-ex while still keeping (almost) their production targets. Should NG prices head higher prior to them getting the extra rig, then they can hedge so they still capture nearly all the upside of the 2 rigs without the extra costs.

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