Get the Cheap Shares well they can...ERF is going to agressively buy back shares over the next 3 month and at the end when people will not sell them share on the cheap anymore what will they do?
FCF 660 million
That could have a 2 dollar dividend and still pay down debt, what do you think the stock would trade at if the dividend was 2 dollars.
I like the hedges they are layering in at the 75-87 U.S range, keep it up and you can be more agressive regarding bringing on more boe's a day and you will have better economics ahead of time.
In Q4 gas will be $1.50 U.S. higher at least and oil likely $10 dollars higher.
ERF is a real cash machine.
IMHO