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Constellation Energy Partners, Ltd. Şti. Message Board

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  • rrb1981 rrb1981 Mar 30, 2009 11:01 PM Flag

    dont understand

    CEP does have some valuable hedges which will keep it operating for another year or two. I think if they can actually be successful in drilling and coupled with the hedges, they should be ok in '09 and decent shape in '10.

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    • I agree with that. They will do OK until 2010 due to the hedges, but if the price of midcontinent NG hasn't returned to at least $6 by then it will be hard for them to function and continue capex needed to keep production. I have some reservations about the long term fundamentals for high price NG in the midcontinent US, otherwise I would be all in with CEP.