RE:RE:RE:RE:RE:RE:Condensate remains at a premium to WTIskiptoggle wrote: Point number 1. You applied the condensate increase to total production and said we had 35 million extra to spend. That money hasn't yet been earned. So will they have $15 million extra or $5 million extra? Remember that money isn't in the bank yet. Also, how much production is unhedged? How confident are you that prices won't dip again? Lets not spend money we don't have yet and can't count on.
Point number 2. They have no stated future hedging beyond 2020 but hedging will continue to be used to offset fluctuations in prices that could derail the growth plan. From their recent presentation.
Point1; I never said anything was written in stone, just suggesting that at today's pricing, that was what we could expect. Heck, if WTI rised further, the numbers would be even better.
But yes, prices could fall also. But, how confident are you that they will?
Point 2. I fully expect them to continue to hedge, and if they do at today's prices, it will guarantee they will exceed guidance.
If you are so pessimistic, I have no idea why you hold PIPE shares.
And I also hold mostly high-paying dividend stocks that provide me with a VERY comfortable retirement income, but I believe in PIPE's new management and the quality of their assets, and that is why I am here.