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1.1¢ freedom oil and gas ltd

Cannot believe this went down after that announcement I think we...

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wabbit

4,299 Posts.

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14/12/18

14:17

Post #: 36861665
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Originally posted by johnp12: ↑

Can't see anything to criticise here. Chapeaux, Yeager and the team!
But it might be a different story without the hedge, so the important comment is: " We intend to closely monitor oil prices as we consider our 2019 capital spending program.” - when the $70 hedging expires.

Non-completions have been rising again, particularly in the Eagle Ford, which is impacting Schlumberger and other contractors [see: https://seekingalpha.com/news/34144...t-q4-north-american-revenues-slide-15-percent ] If this continues into next year, and providing that the oil price doesn't collapse to below break-even, Freedom should be able to negotiate reasonable terms going forward.

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Cannot believe this went down after that announcement I think we need Guy Fawkes with his gun powder to get things moving

FDM Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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