RE:RE:RE:Presentationchurchofnutsacc wrote: Hedges From December Guidance: Hedges From March Presentation:
Q1 2022 Q1 2022
2,250 bbl/d @ $66.14 2,250 bbl/d @ $66.14
Q2 2022 Q2 2022
2,300 bbl/d @ $74.42 2,800 bbl/d @ $77.58
Q3 2022 Q3 2022
2,100 bbl/d @ $77.77 2,100 bbl/d @ $77.77
Q4 2022 Q4 2022
1,000 bbl/d @ $81.25 2,200 @ $80.03
Not sure why an additional 500 bbl/d needed to be hedged out for Q2 and have no idea what happened to Q4. Hedges already showing up for 2023.
I have no idea either. Bank making them do it? That's the problem with debt, makes you a slave.
I hope they've learned their lesson.
PNE has a little higher marketcap than BNE now.. PNE has 2x abandonment liabilities half the reserves and BNE's reserves are liquids worth much more than dry gas. What does it mean? It means BNE is severely undervalued. I keep picking away at them.