GREY:AVNDF - Post by User
Comment by
themangokidon Mar 08, 2012 6:56pm
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Post# 19646539
RE: 2% gas ?
RE: 2% gas ? I saw that marketcall. if I remember correctly, bruce meant either the cashflow or the revenue generated from nat. gas represented only 2% of the revenue or the cashflow of the company. He saw this as a positive. The idea being even if nat gas went to zero it would only reduce the company's cashflow (or revenue) by 2%. I guess though this calculation is influenced by the price they are getting for their liquids and oil production. If oil drops a moderate amount that previous 2%, bruce was talking about , is going to be a higher.