Low commodity priceshave finally given MHP what he has been dreaming of for many many quarters.
He finally sees the hedges making money. Of course revenue from production that was not hedged was clobbered and the massive drop in FCF is a result of those prices. Careful what you wish for.
Still no rerating that was promised for Q1, so much for ARX trouncing TOU in FCF and finally management has mentioned Attachie and are putting capital into its development, sarcasim MHP. There is so much more that is WRONG.
Nice to see the raise in the divy. Go ARX go.