Thanks for explaining this so clearly. My own hunch is there is someone in the market facing a huge unwind as it’s not just DEC in the O&G space facing some large losses.
Probably a cumulative effect of fund redemptions particularly in income funds and a flight to fixed income. Could go on for some time. At least we are being paid handsomely to wait. DEC just needs to stick to the script, pay down the FR facility to give plenty of headroom, sell none core assets and acquire "bolt on" assets in the Central, Southwestern region. NG price will become less sensitive to US weather in next 3 years
Thanks for explaining this so clearly. My own hunch is there is someone in the market facing a huge unwind as it’s not just DEC in the O&G space facing some large losses.
Probably a cumulative effect of fund redemptions particularly in income funds and a flight to fixed income. Could go on for some time. At least we are being paid handsomely to wait. DEC just needs to stick to the script, pay down the FR facility to give plenty of headroom, sell none core assets and acquire "bolt on" assets in the Central, Southwestern region. NG price will become less sensitive to US weather in next 3 years
Great article - complex topic explained clearly.