Seeking Alpha
  • Elliott Gue
    $LINE biggest acquisition to date is 37% natural gas liquids (NGLs) and company has hedged all commodity exposure through 2016.
    2/27/12
    Reply (5)
    • Todd Johnson: Hi Ellliot, I believe $LINE has only 80% of 2015 oil production hedged. It's likely hedged now - data was from Dec conference. TJ
      2/27/12
    • Elliott Gue: Hi Todd, I was referring to hedges related to new acquisition where they're 100% hedged on gas and 68 percent on NGLs through 2016.
      2/27/12
    • Elliott Gue: Generally, I like the fact that $LINE is retaining some upside exposure to oil/NGLs prices but hedging gas further into the future.
      2/27/12
    • Todd Johnson: Elliot, great thoughts. Thank you. $LINE is a money maker. $MCEP is an oily E&P, < hedged than LINE but low risk 1982 & prior wells. TJ
      2/27/12
    • Elliott Gue: Totally agree with you on $MCEP and I think they have a good deal of low risk production growth upside from waterflooding.
      2/28/12