seriously i don't understand the valuation here..
Netbacks for the core plays are in the 20's at this price and the non-core is hedged at 72 with nat gas hedged too..There line of credit secure..actually got stinger per the last report. They cut staff and are selling assets and they have time..this should be 2 bucks at least
The number of PBRSUs that the reporting person will receive will be determined at the end of the two-year performance period ending January 31, 2016, and will be determined based on the Company's return on invested capital.
share price is the same..oil is 9 bucks higher with massive cost reductions...no debt increase ;plan to sell assets; visibility on netback's and hedges...this thing is going to explode as oil recovers..crazy market..
they just told the street they are not going anywhere in this market....
Will continue to produce over 90000 barrels a day toward end of year..also a big surprise
"We have a significant inventory of wells already drilled and awaiting either completion or tie-in where there is a strong economic case for completing the work. While we finish these wells, we anticipate being above our target activity levels which we will reach near the end of the year."
With financial hedges unwinding, about 130M additional to funds flow calculation..about 100M permenent
PWE isn't going anywhere..conserving cash flow....look for non-core asset sales..looks like they have not tapped further into credit line..completely mis-priced stock..strong move by management for shareholders
meanwhile maduro and Putin meet this week in Russia...BV 12 dollars per share trading for 80 cents
So don't you think they would have thought of that ahead of time? It didn't seem to matter when they made the initial announcements did it
They had no need to delay the monthly numbers unless it was to announce it within framework of an overall deal IMO
I can't think of any other reason to delay the release of August numbers until earnings...they want to announce everything at the same time
I believe that's what Saudi wanted for Russia to participate..not saying its going to happen but if it does, you could see a reversion back top 80-90 pretty quick..which would be 120 Canadian Light sweet