RE:RE:RE:RE:RE:JOY unhedged..look at Aeco price!What get me here is this:
- Reduced net debt by 40% to $75.7 million from $126.6 million at the end of the second quarter of 2020.
How did they manage to accomplish that, and it was when oil and gas went to negative? That was one fantastic achievement.
Justhalffull wrote: Completely unhedged, high oil and gas prices, high electricity prices, and a purchased increase in production of 700 boe/d. All positive for Q3. Expect Cash Flow to top $10 million for the quarter, debt to be further decreased. All good news. Market just has not caught on to this gem. Be patient.