GREY:BXEFF - Post by User
Comment by
defuncton Mar 02, 2011 10:25am
350 Views
Post# 18218459
RE: Movement views.....
RE: Movement views.....Just looked at the company presentation from February and they have in their budget for 2011 oil at $80 us per barrel. Well the company has 2958 hedges at 91.07 and the rest at free market pricing. I t would seem that the possibility exists that the debt might be able to be lowered some more this year as at these prices they are making about 16% more on the oil than anticipated. Future still looks bright.