BRIEF-Eagle Energy cuts full year 2016 operating
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Posted On: 05/06/2016 11:27:00 AM
Quote:
BRIEF-Eagle Energy cuts full year 2016 operating cost guidance
11 hours ago by Thomson Reuters
May 5 (Reuters) - Eagle Energy Inc
* Announces first quarter 2016 results
* Announces a reduction in our full year 2016 operating cost guidance
* About 45% of expected production hedged at an average WTI price of $52.00 per barrel of oil
* For 2017, have 750 barrels of oil per day hedged at $us 45.00 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
...to further the importance of "hedging"....oil today is $44.65 as we speak...
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