Post by
retiredcf on Dec 06, 2021 1:09pm
Little For Sale
Unsure why we are one of the only energy companies in the red today but there is next to nothing for sale until you get to $5.60. GLTA
Comment by
filefish on Dec 06, 2021 1:43pm
Nat Gas down another 12% today, on top of the recent drop in the past week or so. Very thin trading in this stock. I tried to buy this morning and had to increase my bid by .10 to get the shares. I just hope these guys had the lucky foresight to hedge some of their NG production during the past 60 days. They are about 45% hedged on gas for 2022 at pretty low prices .
Comment by
TouchDown12 on Dec 06, 2021 2:22pm
I was trying to remember their production profile this AM. Is it 63% gas and 37% Liquids (Oil and the like)? Thanks in advance. TD12
Comment by
filefish on Dec 06, 2021 2:28pm
Approx 15% oil, as per comment in Q3 report: Crude oil represented 10% of Spartan’s total production on average during the third quarter of 2021, up from 5% in the second quarter of 2021 and 1% in the comparative periods of 2020. The oil weighting is expected to grow to greater than 15% in the fourth quarter of 2021 with a full quarter of production from the acquired properties.
Comment by
TouchDown12 on Dec 06, 2021 3:09pm
Thanks Filefish. I thought with the NGL's (priced off of oil) we might be a little better. Given NG's volitility lately i am hoping more oil/NGL's might protect SDE somewhat from NG swings. Again, thanks for your help. TD12