GREY:WFREF - Post by User
Post by
Reddaleon Dec 02, 2014 7:25pm
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Post# 23188099
Current price and where is the bottom
Current price and where is the bottomWow not a nice few weeks. New Crocotta share holders must be done dumping by now.
I re-read the Nov 5th press release of 3 Qtr financial results and see a few points for optimism.
LRE can break even at a price as low as $67/barrel with current dividend. capex and debt servicing. Curtailing capex and selling unwanted properties just makes life easier
In 2015 they have hedged 30% of production to higher prices
So my question where is the bottom ?
Red