SNDE not alone in delaying. LONE also filed extension .. some snippets
and then the COVID-19 Risk
the key of course (besides not getting it) being "our ability to obtain hedges for commodities" ... and ... "our ability yo comply with contractual obligations and covenants"
That alone should telegraph a suspension of any drilling as with their portfolio hedging strategy any new wells drilled need to have hedging to guarantee a certain return on capital ... which is not going to occur presently.
And the longer this keeps going to bigger the impact for the outer months (they did say at one time what the % hedging was over time for a well's production).
SEA Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
