GREY:DPGYF - Post by User
Post by
RIG500on Feb 10, 2011 9:54am
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Post# 18108352
NR highlights
NR highlights Increased total proved plus probable crude oil and natural gas liquids reserves by 89 percent and total proved plus probable natural gas reserves by 17 percent compared to 2009
+89% vs +17%: they are doing the right thing.
Increased net undeveloped land to 244,475 net acres, a 42 percent increase over 2009.
+42% in undev land, superb
replaced 2010 production by +342%
The only reason the NAV slipped is because their hedges are running out but we are still trading at a deep discount for a company focused on increasing its oil and liquids weighting. I believe they still have 40% of prod hegded for 2011 which will give them the opportunity to keep their op netback stable at 24$/boe
GL to all~