Now I don't take "simplywallstreet" numbers as 100% correct ....still they have some great info pics give us CE1 S/H a generalised view of operations ...as we see expenses are high ...hoping the goal is to streamline operations so these will be lower going forward
Depreciation &Amortisation is of course the largest ..expense..
we know the "Montney sale" will reduce expenses by another 1mill pa ...
IMHO they should ditch the whole hedging profile they run would also save some $$$ .. I know if they take their credit higher than 50% they need to engage in hedging....but at present low levels should be no need ...
I guess for me how will the new leadership of "Karl De Mong" change CE1 direction from the "Jordan Kevol" as that wasn't working just wasting capital on Montney dream .. Is Karl going be about driving the highest FCF from projects..goal to lower expenses
Certainly want to continue to see Mgmt buy shares ... Karl hasn't much of a holding
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Now I don't take "simplywallstreet" numbers as 100% correct...
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