Coterra Energy Inc. 2022 Q1 - Results - Earnings Call Presentation
SA Transcripts
140.56K Followers
The following slide deck was published by Coterra Energy Inc. in conjunction with their 2022 Q1 earnings call.
121
This article was written by
140.56K Followers
Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Recommended For You
Comments (3)
ckarabin
03 May 2022
Such a well run company! To bad they played moe of a safety first approach to hedging while Antero took the gamble and is full out unhedged. But still CTRA will make a ton fo money and they sure are being respectful to shareholders in giving it back to us
N
@ckarabin from what I heard, AR natgas for 2022 is 50% hedged at 2.50; CTRA is 25% hedged at 5.50. CTRA ceo has said many times that hedging is an integral part of the business model, with a general figure of 50% as being about right. At today's strip, I personally have no problem as a shareholder for CTRA to hedge 50% for a couple years to lock in that great cashflow. The beauty of their position is their 0.50 leverage ratio, that lets them continuing their return to shareholders, and gives them the flexibility to add resources when the next downturn comes.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!