Forward lookingPrices will fluctuate in NG, this is a given, the basis deals will take a while to clean up but are not a huge factor going forward, all other issues of concern have improved.
Production is heading this year back towards and maybe over 100,000 boe/d, in all probablilty as efficiencies are literally improving by the month.
I am hoping for a little bit more on the land acquisition side as you don't want to have to pay higher prices if you don't and prices were almost a giveaway last few years.
This cold weather not only helps in NG usage but must have a positive impact on a potentially longer drilling season. I remember 1982 the ice up there did not break up till June 30th in lakes. Maybe someone knows something about this.
Also, If cashflow and FFO is much higher due to good pricing this winter, can this mean even more drilling potential this year as the funds come in?
This is assuming some debt is not being paid that could be???
These are all questions that can be brought up at the next meeting.
By the way when is the next earnings report?