What will SP Be If Oil Stays Around $50 | ERF Message Board Posts


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Msg  405 of 411  at  1/1/2015 10:17:46 PM  by

digndlvr


What will SP Be If Oil Stays Around $50

 My guess is fourth quarter will be a blow in spite of hedges.  Anyone know how far out the hedges are for?  If oil stays around $50, FY2015 earnings will drop probably 50%+.  That means almost certainly cuts in exploration/development and no dividend for a while.  The current yield is history?  Probably a long-term buy at $9, if they survive.  Buy-out candidate?


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