GREY:WFREF - Post by User
Comment by
qwqwon Aug 19, 2015 8:39pm
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Post# 24033967
RE:If oil stays low,run for the hills.
RE:If oil stays low,run for the hills.
From August 2nd,
"Penn West and Baytex have released their Q2's.Both companies have high debt levels
and have mainly oil production, Penn (69% liquids),Baytex (82%). Those percentages
leave LRE's 42% in the dust.The sad part is cash flow netbacks before hedges was not
that much different between the 3.LRE and Penn's was $10 boe and Baytex was $15.
Considering the average oil price during Q2 was $15 CDN higher than present,don't
ask what their current CF netbacks are."
A lot can happen in 2 weeks,Baytex has dropped 38%, Penn west dropped 43% and LRE
dropped 18%.