GREY:BNKPF - Post by User
Comment by
xmasteron Jan 25, 2016 9:48pm
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RE:RE:Survival
RE:RE:Survivalbut hedges aren't going to expire till end of 2018 by which time oil would stablize and would trade a lot higher then today.
for 2016 they hedged 175451 bbl @ avg $66
for 2017 they hedged 132452 bbl @ avg $63
for 2018 they hedged 98710 bbl @ avg $55
gas hedge are there too and beside this they do have access to 100 M creditline from morgan stanley out of which they drew 15.9 Million initially. it was intended for exploration.
anyone knows their total annual production and average bbl cost?