GREY:WFREF - Post by User
Comment by
Spillerenon May 13, 2015 7:43am
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Post# 23722795
RE:RE:RE:For April to December 2015, approx 70% of oil hedged
RE:RE:RE:For April to December 2015, approx 70% of oil hedgedI think the interesting thing about this hedge and the small hedge for 2016 is that it indicates what management believes to be the survival break even price for the company. With the rig count still declining, obviously prices have to go higher than that. Trading at 26,000 per flowing barrel, I think that LRE is extremely cheap.