OTCPK:VREYD - Post by User
Comment by
MustangMatton Jan 06, 2020 11:30am
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Post# 30522058
RE:RE:Payout.
RE:RE:Payout.LSB, Light Sour Blend, at Cromer. According to TOG corporate presentation 74% is sold at these prices They say 85% is downstream of Cromer. The average price was $70 per barrel in 2019.
No egress problems, this is one of the main reasons I have TOG in the portfolio. CCPIB is another.
This is what I have found for public hedges so far.
Jan 1, 2020 – Mar 31, 2020 500 Collar 60.00 88.50 C$WTI
Jan 1, 2020 – Mar 31, 2020 500 Collar 60.00 89.00 C$WTI
Jan 1, 2020 – Mar 31, 2020 500 Collar 60.00 90.00 C$WTI
Jan 1, 2020 – Mar 31, 2020 500 Collar 60.00 90.50 C$WTI
Commodity sensitivity puts $139 million in exess of Capex and dividend, when WTI is $65.
How gready do we want to get?
I'm not saying hedge it all at over $65, but it should be more then 2000 barrels out of 28000.
Cheers Matthew