GREY:BXEFF - Post by User
Post by
guelph1on Dec 19, 2016 9:23am
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Post# 25618457
Interesting Information........
Interesting Information........To buy or not to buy (BXE), a question many of us ask our selves. Here's some basic info to mull. As of the 3rd qtr BXE produced 34,000 BOE/D equiv. 73% of that production is natural gas wieghted. According to their statments, it cost them about $14 mm (G&A) to produce that product. They appear to be taking steps to align their revenue with their expenditures. They also tell us it's costing them <$2.00/mmcf to produce this gas and the 2017 gas hedging (60%) is at $3.34/mmcf. If and I say if this number can be believed, they are on the road to recovery, it may take until the summer of 2017 before we see a positive balance sheet. Some food for thought.