EXPM:EGRGF - Post by User
Comment by
OOU812on Mar 15, 2017 7:03pm
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Post# 25985157
RE:RE:How in the world
RE:RE:How in the world"In a nut shell, it's called volume. They do 69K boe a day (65-70% gas/wet gas, the rest oil). Much more production to spread operating costs over. And, they seemed to have had an excellant hedging program last year giving them roughly $4 per boe."
Bonavista's oil production is only 5% of total production, NGLs are 25% (Q3 rev $19 boe)
and the remaining 70% is gas.Both companiies had $2 boe interest expense and both had
hedging gains of $3.50 boe.
A company with 5% oil production produces the same cash flow per boe as one with 80%??????????