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.
FDM Price at posting:
14.0¢ Sentiment: None Disclosure: Held
