RE:Condensate remains at a premium to WTIMaking the assumption that those increase prices remain for the next year. Question, aren't some 50% of production sales hedged? So we can only count on half of those oil and gas price increases to apply to future production. It is a positive development but maybe they can use some of the increased $$ to accelerate paying down debt while maintaining status quo on the capital expenditure plan.
Don2018 wrote: Closed at $77.48 Can yesterday.
That is $8 above the price used in their guidance, which would add another $17.5 million to their cash flow.
And natural gas is about a buck above guidance, which would add yet another $17.5 million.
That is $35 million more to drill wells to increase our production. That ain't chickenfeed!