RE:RE:Get the Cheap Shares well they can...ratsnake220
Since October the average Nymex Gas Price has been $5.50 U.S. that is the market the ERF Marcelous gas sells into. That is about 40% more than Q3.
After Oct all the ERF gas is pretty well unhedged, except some of it that has a 6 dollar celling, 40,000 Mcf. A six dollar ceiling price is not a problem.
ERF is off to the races, it esentially has already met it debt target, the company is going to try to buy back 200 million of the stock. Good luck with that.
The world is on to Enerplus, off to the races.
IMHO