GREY:AVNDF - Post by User
Post by
linus4on Jan 12, 2012 11:36am
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Post# 19396421
gas hedges
gas hedges Currently majority of rev. comes from nat.gas & once their cuurent sweet hedging comes off ,the new hedges will be done at lower rates & will be cash flows will be cut..Even as the Co. tries to move to 50%/50% oil/gas weighting I can see the payout ratio moving up or a cut in payout .This probably won't happen for a couple of qtrs. but does account for insider's decision to take some cash off the table during recent run up..The shrs. should sell off back to 200 day ma around $5.21 to reflect this