GREY:BXEFF - Post by User
Comment by
gasoholicon Feb 26, 2010 3:42am
517 Views
Post# 16822388
RE: big stuff
RE: big stuffIf they make 21 % overall return at 6.00 gas they're underwater now . The AECO and Huntington prices are under 5.00 . They may be hedged to a degree but the hedges run out and they can't be 100 % hedged . Therefore they shouldn't be drilling these wells at present prices .
regards
G