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Post# of 116745
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researcher59

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Re: 2morrowsGains post# 100920

Thursday, 09/29/2022 1:51:26 PM

Thursday, September 29, 2022 1:51:26 PM

Post# of 116745
SBOW cash flows are strong at current NG and Oil prices, so the debt is easily manageable. But roughly 50% of their revenue, depending on relative prices, is from NG so my concern is that a warm winter will crash prices .... they're hedged of course, but that protection diminishes over time.

NG prices are currently at a highly profitable $6.70/mcf, but less than 3 years ago after the warm winter of 2020, prices plunged to a money losing $1.58/mcf. Ouch !

SBOW, CPE and ET are my largest holdings in the energy sector.
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