Lonestar Resources Ltd. (fka LONE)

[jugs]

You're right, of course. It is odd, though, isn't it? I'm remembering when Canadian O & G companies out of Canada were paying me huge percentages quarterly with one exception paying monthly. This was before Leahy changed the tax code resulting in enormous losses for his country because the new laws disallowed US participation unless certain conditions were met. The end result was that the energy trusts ceased to exist as such and either moved to the US or moved out of trust status and into corporate entities.

At that time, 30% hedgings were commonplace and we unit-holders hated heavier hedging as we preferred the freedom that a tumultuous market provided in terms of opportunity to take advantage of rising royalties due to escalating commodity prices.

Nowadays, things are quite different. Today I'd say LNREF's hedging situation is one to be admired.