RE:RE:RE:RE:RE:the royalties are a big dragI did beat Nutsac , If you remember back and see my posts I took up a personal and corp LoC to max up with Athabasca ,CVE ,Suncor and Baytex. Time to buy a Carribean island soon :))
ComradeKomissar wrote: Them some big cojones. Great timing. You've probably even beat Nuttall here. Just to clarify: they have lost the "operational torque" to Burgess. However, they still retain free cash flow torque since they are now 70% unhedged for the remainder of the year. I do see $5-$7 price in 2 years once they are deleveraged. Sadly, they can't pay off their debtor more often than twice a year, so that debt will drag on... i only hope are not forced to hedge 50% next year again.