RE:POU disadvantgedToday's results showed a large drop in cash flow from $115 million to only $45 million this quarter (Jan - March 2020). The price of oil dropped from $64 to $57 between the 2 quarters.
The most important piece of information was getting an update on their liquid hedges for the next 3 quarters. Because if their results sufferred so much in Q1 because of weakening commodity prices, what are they going to do in Q2 when the price of oil got decimated?!!
Well, as it turns out they now have the following hedges for the rest of 2020:
April 2020 4K at C$80 (Out of 35K liquid capacity)
May 2020 4K at C$80 + 6K at C$39 (Out of 35K liquid capacity)
June 2020 4K at C$80 + 6K at C$40 (Out of 35K liquid capacity)
July 2020 4K at C$80 (Out of 35K liquid capacity)
August 2020 4K at C$80 (Out of 35K liquid capacity)
September 2020 4K at C$80 (Out of 35K liquid capacity)
October 2020 4K at C$80 (Out of 35K liquid capacity)
November 2020 4K at C$80 (Out of 35K liquid capacity)
December 2020 4K at C$80 (Out of 35K liquid capacity)
Anyone brave enough to venture a guess on what Q2 numbers will look like?