RE:RE:114.25 dollars a BOEManagement is ripping you off, their plan is mindless, and the players in management are rookie.
They could quickly reduce the impact of their hedges with additional investement in Kakwa, but instead they threw money at the attachie play, unsanctioned and will not produce a dime, for many years time.
Sunrise is the most expensive dry gas play in the planet, and Terry keeps chirping off about how get the economics are, how do you think it compares with Condensate trading at , close to $150 a boe, he is an idiot and so is the cfo BIBBY.
Not only have they imposed the worst hedging strategy, they are such a head in the sand management team and do not know how to recover from the disaster they have created.
They are TRAPPED in their thinking and they like to BEAKer123 off telling you how good they are at saving pennies, cutting transmission contracts, and letting 2 billion of infastructure produce at 46% utilization at Kakwa.
I would hardly call all the cheer leader squad on this board investors, have they ever taken management to task, they are a bunch of sheep being lead to a slaughter.
IMHO