Agree - great result - real traction compared to some of the flashier competitors (e.g. MHR). Nothing against MHR by the way, but agree with you this stock is a sleeper and should revalue significantly from here.
Yes - they will be able to roll over their NG hedges at a good increase and healthy price point which creates good underlying operational leverage - given their drill costs and makes more attractive the farm-out that is underway.
While this is a price spike mainly - the secular underlying price for the medium term has moved up also.
Your point 4) was the one I keyed off mainly in my own back of the envelope calc. Guidance is not impaired greatly by this and if you use the same metric in this sale accross total production then total value of this company effectively doubles.
This appears an immaculate deal and exactly what this kind of operator should be doing. Operating flexibility is confortably increased - net debt on the books and relative to cash flow decreased - borrowing capacity he same.
Back or the envelope it adds a $1 to the shareprice and speaks well of the future and the management capibility ofc this crowd.