Q4It seems to me an avg price of WTI$71 per quarter is tipping point for CPG making money.
And as hedges reduce or change from swap to collars each quarter moving forward, g&a expense reduce due to staff reductions, long term debt expense reduce due to asset sales, and reduction of operating costs due perhaps selling of infrastructure (pipe or gas plants etc). Plus looking ahead to higher avg WTI pricing FY19 oh and lets start chatting up rising nat gas pricing too.
In summary I put in all the effort to model their P&L so I can start plugging in what the company plan is proposing so I can see how it is going to grow net income.
Its looking pretty good and WTI pricing is going to help.
Have a good day