RE:RE:RE:RE:RE:No exposure to increasing NG pricesThe share price is making it hard to lay off this one.
A high yield isn't the be all end all and they have to be able to make money and pay debt.
Even if they hit more gas in their new wells do they have the extra capacity to sell enough to make it worth while?
How much extra capacity do they have?
The take or pay hancuffs them with global gas price increases so the only way they make more is buy selling more.
But, are they subject to royalty fees where if the price of gas goes above their contracted price they are actually net losing money? Given the global price of NG right now and in the future, if they are subject to paying increased royalties, they are in trouble.
GLTA
downwithdotcom1 wrote: ..starting to NIBBLE a bit.at these prices....sold out near $4 cause i needed the cash..pipeline venture, increased gas sales plus new exploration wells may set up this company for future success..see what happens..dwdc