OTCPK:PDPYF - Post by User
Comment by
shambano1on Feb 19, 2016 4:53pm
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Post# 24576592
RE:New Presentation
RE:New PresentationThe hedges only cover 60 % of current production, I'm guessing on the % but I recall it's pretty high but when all the new production comes late in 2016 it won't be hedged so cf will not be going up as much as they are budgeting. I think they should slow down 25% from current plans just to be safe, and they can always pick up drilling in 2017 if prices recover by then. These low ng prices are not good for anyone evdn ppy. But that said ppy is core holding if you want high quality ng company but I can't see it taking off unless commodity prices start to recover. Glta