GREY:LSTMF - Post by User
Comment by
JohnDDon Nov 06, 2013 7:19pm
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Post# 21883087
RE:Influenced by PennWest today ?
RE:Influenced by PennWest today ?
Itrabs,
I had a quick look at PWT's annoucements and as you point out they are into a negative production until 2015. That is because they are looking to sell $1.5 - 2 billion in assets by end of 2014. Plus they are looking to move to 80% liquid (from 66%) which we are already at.
All these asset sales are going to make it a little bit harder to for LTS to reduce debt. I assume that PWT's asset sales will have a heavier gas weight but was unable to find that info.
John