Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."

GREY:WFREF - Post Discussion

Long Run Explor Ltd Ord > Hedges from release
View:
Post by peplare on Dec 15, 2014 9:21pm

Hedges from release

Long Run's 2015 capital budget will support production of 35,000 Boe/d to 36,000 Boe/d based on net capital expenditures of $165 million and the flexibility to reallocate the timing of certain projects during the year. Based on these parameters, we anticipate funds flow from operations to range from $200 to $210 million in 2015. Should commodity prices improve, the Company intends to use additional funds flow to accelerate debt repayment and improve financial flexibility. For 2015, Long Run has placed hedges on approximately 35% of our 2015 production balanced between oil and natural gas. Approximately 50% of our oil production is hedged for the first quarter of 2015 at an average floor of approximately WTI US$91.60, which will assist in supporting our funds flow from operations. Long Run's risk management philosophy is to hedge approximately 35 to 50% of our annual production volumes
Comment by theman0 on Dec 15, 2014 9:35pm
Love it! Loads of downside protection!
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities