Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

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Voya Asia Pacific High Dividend Equity Income Fund > Ithaca's hedges looking pretty good right about now

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Comment by CalifDreamingon Dec 05, 2014 4:55am

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Post# 23198317

RE:RE:RE:Ithaca's hedges looking pretty good right about now

Now this is assuming all crude. With 40% of Stella 6000 BOEPD of gas being sold at very high relative prices to the ($65 Brent you are quoting) the FCF should be quite a bit higher due to the higher revenues from the gas portion of production

Huh?

Natty is 6:1 energy equivalent of oil, so at $9.50mcf, it is equivalent to $57 oil. FCF will be ~15% lower, not "quite a bit higher".

And despite natty being $9.50 at the moment, it was meaningfully lower earlier in the year, and that will likely happen going forward, particulary as US/Canadian LNG exports start happening in scale (which is just about to start).

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