RE: RE: RE: RE: No one?--Nawar bakken,
40c is derived by using $36 for NGLs and $4.00 Mcf, those prices are pretty much what the strip is for 2013 is for both commodities.
The production expenses are not cut in half, they are just adjusted prorata to the company current production base.
I assure you a lot of hard work has been invested in producing those numbers, through studying the financial statements, talking to the CFO, talking to private operating peers in the area and studying the financials of public peers such as New Source.
If you are looking for a good income investment, Equal can provide you with a 10% yield within a couple of months, but don’t take my word for it, you are free to wait until they make the announcement in late November.
Regards,
Nawar