Yepp Im also looking to buy but want to see their EBITDA first....

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tt2000

4,980 Posts.

1248

10/10/18

09:22

Post #: 36062215
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Originally posted by moremoneyplease ↑

Originally posted by tt2000
Interesting...

@moremoneyplease I'm not angry - just boggled....

I'm more interested in seeing the EBITDA this quarter. With production well ahead, if this flows down to EBITDA we are well on our way to a self sustaining cash cow.

At 10,000 boe = 3,650,000 boe in a year, which leaves enough unhedged such that we have some great exposure to further upside in oil.
i'm with you

ebitdax is the missing piece and we all know mmp not in favour of how these guys manage the most important number. However i dont know hedge % now but 30-45% at a guess (cant be bothered calculating) and ytd spend alot on catching up on debts, derivative losses etc so i personally think liquidity is an issue or given oil price will be trnslated into more debt - ok aslong as kept reasonable (prefer no increase of course) but thats reality.I figurd the other day b4 oil nicely over 70 that ebitda could be abt 80 compared to guidance of 110 - so if next report shows 110 a possibility then we going to get a nice sp bounce.

Thinking i might buy a few more tomorrow - already very overexposed but looking good so swing for the fence on this one

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Yepp Im also looking to buy but want to see their EBITDA first.

What is with those derivative losses ? What are they - is that the hedges being marked to market, or something else?

SEA Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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