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Equal Energy Ltd EQU



NYSE:EQU - Post by User

Comment by bakken13on Nov 06, 2012 8:08am
146 Views
Post# 20566146

RE: RE: RE: No one?--Nawar

RE: RE: RE: No one?--Nawar

"should NGL prices revert back to 45% of WTI (vs the historic average of 55%), the dividend will rise to 61c"

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But you are already using NGL prices at 45% of WTI, and they are nowhere near that.

And you are using nat gas prices of $4.25, and EQU has stated that they get about NYMEX minus 40 cents, so you are assuming a NYMEX nat gas price of $4.65?

And you cut the production expenses in half? How can you justify that?

So I am sorry, but you are not using "today's prices" to calculate that 40 cent dividend.

Please correct me if I am wrong. I would like to be wrong, as I am looking for good income investments.

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