FinallySold a little bit to trade, just in case. But finally we are starting to move.
It is not the hedges, it is not the previous production level,
It is the new production that they are going to be bringing on stream in
the next six months or more.
As long as the costs to drill don't go nuts and tech keeps bringing costs down
with ERH's production per well increases and duration increases then
add in the current pricing environment. Question is how are our
Canadian firms taking advantage of Henry Hub.
My guess is no on will like any hedges that will show up at all.
I am hesitant to sell anything else.
Bot a little FRU today as it is weaker than most.