All NG production hedged in 2016 2017 so the upside is leveraged to rising oil prices which effects the price of NG liquids which EVEP produces a lot of about 10000 barrels a day of oil and NGL....
The strip of 2018 Ng is much higher then current so it'll be a bumpy ride but I'n looking at 6-10$ in 2018
Not harsh factual. It not like I'm brandishing from my PC. But if you try the edit the facts or post half truths about what was said I'll call you out, and enjoy it..public service actually.. Period.
Purple is offensive?!?... is in her name, that she or he, im not convinced it's a female poster, chose, its not a racial thing. If her name was "redfromtheforest".....Id refer to her as "red" Just like I'd refer to you as Hard. Get over yourself, save your sarcasm for the weaker minded. At least I posted the truth vs the rhetoric Purple has.
Did I reference slavery? No, nor will I because it has NOTHING TO DO WITH VNR, And those who do should be removed from the board. Money cares not, creed, religion, sex, etc. So stop being childish Hard.
they did add oil hedged last week. As stated. And you did mislead trying to make the board believe they didn't add hedge for fear of declining oil production at VNR which is untrue. The fact that they are not hedging more today is positive bet on future higher prices and cashflow
Shame purple, doing the devils work. misleading others. The whole industry in the usa has cut cap ex so deep that we have lost about a 1 million barrels a day from the peak in 2014-15. Less supply + demand = high future prices and there fore the desire not to hedge 17, 18 and beyond because the curve, strip price will be considerably higher if you wait. And as far as their decline rate inherit to VNR this Q the scoop assets have high decline rates which raised the overall corp decline, once sold the corp decline rate drops drastically. Meaning less cap ex for stable or flat production. Listen Purple, if you really want to lock horns with a real old man go ahead, we can get into it all you want. Facts are facts.
I can read and i'm not confused. They did add hedges
"in the past week we took advantage of the continued strength in the natural gas curve and layered on an additional 15,000 MMbtu per day at $3 for the second half of 2017."
"Additionally, last week we also took advantage of the recent strength in the oil curve to layer in an additional 1,500 barrels per day in the form of collars for the fourth quarter of 2016 with a floor of $45 and a ceiling of $55 per barrel which had a deferred premium cost of $1 per barrel."
More misinformation from you Purple
"We continue to evaluate adding incremental hedges to take advantage of the increases in oil and natural gas prices. However, as it relates to oil hedges, we are cautious to layer into any significant amount of volume for 2017 and beyond as we share the same sentiment with many others in that due to production declines we will see higher prices starting in 2017."
MEANING: production declines globally and the strip prices will be higher in the future then if you hedge now. Not VNR's production delcine........"We share the same sentiment as others..." See that's what I mean about misinformation you edited what we actually said to mislead others Purple. Shame on you.
not what they said. why all the mis-information purple? keep it up and you'll just be blocked for wasting my time
kind of what mcep had to do, pay in installments. Plus there can be other non core, non-proved reserve asset sales or JV's in the Permian Basin where VNR has over 150k acres with wolfcamp a,b,c benches to exploit
Sentiment: Strong Buy
they expected a 10-15% decline so is better then predicted. Cashflow guidance has increaded a lot due to strip raising 25%...
Dont sweat it, the guy doesn't know how to value an oil company. What's important is they are in the best basin, with one of the lowest costs and lowest leverage. Oil in the 65-75 range will put AREX shares into double digits.
then don't buy, the shares will rise without you, i don't have time or desire to educate you on assets values.
Finra is the easiest plus you can see the recent trades....AREX debt has been heavily bought up this month.
rev means nothing without looking at the margin. Hi crush has better margins or positive margins where emes had a negative margin last q
Money flow is buying thus the price increase, the up volume is heavy, sorry but your comment isn't true. You'd have to see sustained selling pressure and gaps down. As well inst. funds have increased their positions. The debt ie the bonds have been pricing up from a low of 20 cents on the dollar to the current 55 cents on the dollar.
Sentiment: Strong Buy