RE:RE:RE:RE:RE:Condensate remains at a premium to WTIPoint number 1. You applied the condensate increase to total production and said we had 35 million extra to spend. That money hasn't yet been earned. So will they have $15 million extra or $5 million extra? Remember that money isn't in the bank yet. Also, how much production is unhedged? How confident are you that prices won't dip again? Lets not spend money we don't have yet and can't count on.
Point number 2. They have no stated future hedging beyond 2020 but hedging will continue to be used to offset fluctuations in prices that could derail the growth plan. From their recent presentation.
"
Pipestone Energy is committed to utilizing hedging to reduce the volatility of future cash flows and provide greater funding certainty on the go-forward capital program"
Point number 3. I am a shareholder. The only reason I am a one stock poster is the bulk of my holdings are all nice dividend paying stocks and ETFs.
Don2018 wrote: skiptoggle wrote: But they aren't resulting in extra cash flow. Those numbers are baked in already so there is no net new money to invest or pay down debt.
Gawd dude, what about the extra cash from the unhedged production?
And they have no hedging far into the future, so those numbers aren't affected.
Although you only post here, I have to wonder if you actually own any shares at all?