GREY:WFREF - Post by User
Comment by
pppon Nov 29, 2014 10:19am
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Post# 23176890
RE:RE:RE:RE:RE:RE:1+1=3
RE:RE:RE:RE:RE:RE:1+1=3I very much doubt oil rallies back to 80 in 3m heck not even the so called summer driving season in 2015. As for LRE, first things first - eliminate the dividend however in my analysis even that won't save them as they need 95-100 oil.
Give me a break. They only received 84 can for their oil last quarter.
Total rev for the quarter was 167 mil before royalties.
expenses uncludes pro trans interest Gand A ect
63 mil
Div 18 mil.
total 81 mil
Production 34 750 per day x 90 3.127 m bbls per quarter
These guys are 50 % gas 17,375 bbls 1.563 per quarter
Means oil Rev was 131 mil at 84 can and gas was 36 mil
So lets drop oil to 55 us or 62 can x 1.563mil bbls
Oil rev 96.9 mil
total rev 132 mil per quarter more than enough to cover 81 mil expenses