Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: energyplay who wrote (33539)	5/12/2003 2:54:29 AM
From: TobagoJack	Read Replies (1) of 74559

Hi energyplay, <<... even if gas prices remain at $5.50 USD, 5 years from now ERF would be worth about half (or more) of what it's worth now>> I believe you are right. The assumed price in ERF's 2002 annual report is for steady-state 2002 end-of-period price for 2003, and my projections simply ramp the price at 2% per annum after that, but in reality, ERF is 40-50% hedged/long term contracted, and their realized prices are below current market. If gas price remains steady, as in neither up nor down, ERF realized prices will catch up quickly to market price, realizing a pop that is already in the cards that are flipped right-side up on the table. Chugs, Jay

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next