hehe indeed (now that you can't use "lifting cost" anymore with SSN @ $29 and EOX @ $16.29)
Maybe the extra debt has got something to do with 15x the Proved Reserves of SSN ....?? or maybe the ~100,000 acres they have ...
oops didn't think of that ..??
The relevance lies in the location (core Bakken), their common high SG&A costs per BOE and issues surrounding their covenant ratios and related actions.
Good Night Chrys (probably past midnight for you though I assume - CDT)
SSN Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
