Post by
1rockit on Apr 14, 2022 4:22pm
MJH9413 ;
Yes , I agree about the hedging . Being exposed to 50% unhedged nat gas is going to really prop up their year end cash reserves. I'd rather see them spend some serious money on the north Sea assets than get a little dividend. I'm not in this for half of one % a month in dividends. I'd rather see them move up to 35-30 thousand barrels a day. A company of this sort dosen't often get ALL of the stars aligning at the same time.#1 Buying most of their long life production when oil and natural gas was trading at record low oil prices.#2 Then having the ramp up of oil consumption because of the restrictions being lifted because of covid . #3 Then having this war start , driving up oil prices #4 Then finding out Europe is relying SO MUCH on Russia for natural gas and are going to have to import nat gas liquids from the US therefore driving up the prices of nat gas in north America # and now having a wicked cold front move threw north America. Talk about a perfect storm !! Have a good weekend and please , at the dinner table this weekend say a prayer for those poor soles of Ukraine. Also , if you want to donate, I use CORE . Very easy system and run by Shawn Penn so there's not all kinds of overhead and lofty payrolls going to upper management. I looked up how much the president of the Red Cross makes, UNBELIEVABLE 600 grand a year. Nothing like donating your time !