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LONE - Lonestar Resources: Very Well Hedged In 2020 And 2021 But Avoiding Restructuring Looks Quite Challenging
Lonestar Resources US Inc Com
Lonestar Resources (LONE) is very well hedged on its oil production, so the crash in benchmark oil prices is unlikely to have any effect on its financials in 2020 or 2021. Lonestar is affected by the associated impact on NGLs though, as well as the negative trend in Eagle Ford oil differentials.
Although Lonestar's financial results over the next two years will probably have minimal differences at $30 WTI oil compared to $60 WTI oil, weak oil prices will make it even more difficult to refinance its January 2023 unsecured notes and may