Claren Energy Corp T.CEN

RE: RE: today

[mjh9413]

Dave the relevant oil price is Brent based or the malaysian premium surely (you seem to be quoting WTI) especially as they reveal they have a costless collar with a 117 top. Just a pity their credit facilities also needed other less valuable hedges but these are mostly off or coming off. Must say they have really complex financials and significant debt commitments but the rise in average boepd from 12000 last reported qtr to possibly 16000 average  qtr4 and 22000+ this qtr should mean 70cent+ EBITDAX  Q1 and increasing through year. Seems to support $25 near term target and look forward to seeing clearer and  'improved' financials in Q1. I guess the one thing I don't like about the company is the way insiders have consistently provided themselves with risk-free options before every uptick!1 But I guess it has been a good marker of those $2+ share price increases for the rest of us!!!