RE:WCP hedging program That is bang on windgod. I mean if nothing else there is consolidation going on here.
We both added if I remember between 6.50 and 7. This is 25 % to 30 plus %. So I think it's a little breather.
Your 1000 percent right. We are hedged far less now in this quarter and great example at 65 dollar oil because at 1.25 exchange is 81.25 CDN. Then at $75 oil it's 93.75 and $85 oil is 106.25 CDN.
Just easy numbers and if they actually do what some analysts suggest and double the dividend we are now BIGTIME investment for income investors.
It's importer to note that no general investor will put the farm on oil of income , the point is they don't have to. All they have to do is take 10 percent of there income generating money.
My point is if everyone out there took 10 percent of there retirement income producing money. That is huge numbers coming over on the whole.
I hope this makes sense. There are not many quality company's to choose from paying 6 percent or more , and there is lots of room for more , especially ones who pump oil responsibly.
Also , Redirect put that BNN attachments up about how we are sperating from the rest , he was asked to explain and he brought up the Montney and there LNG/ Gas exposure. He said 70 percent of our cap ex will be going there , so I guess they are getting serious about this .
If I heard that right , and if he knows what he is talking about. I can't see him just making this stuff up , I am sure he met with the management.
Great post windgod.
Craig