GREY:WFREF - Post by User
Comment by
VentureCapital3on Jun 17, 2015 11:03pm
96 Views
Post# 23842353
RE:RE:RE:RE:not so fast emmitt
RE:RE:RE:RE:not so fast emmittThe hedging program is larger for Q2 but at a lower average price. Perhaps, non hedged production will be sell at a much higher price. Overall LRE will receive more. Avverage WTI price was $48 in Q1 it should be at around $58 for Q2, it will help for sure. CAPEX should be very low in Q2, so LRE will produce cash. Production in Q3 should decrease. I forward to see if they sold more assets and for how much and what will be the impact on production. Anyway, Q2 will be much better than Q1 before hedging and better also after hedging. GLTA