Gulfport Energy lost $1.10 for every MCF it sold in 2q 2016

Keep up the good work boys!  Hell of a job!!

Gulfport’s realized prices for the second quarter of 2016 were ($1.10) per Mcf of natural gas, $37.23 per barrel of oil and $0.30 per gallon of NGL, resulting in a total equivalent price of ($0.47) per Mcfe. Gulfport's realized prices for the second quarter of 2016 include an aggregate non-cash derivative loss of $198.7 million. Before the impact of derivatives, realized prices for the second quarter of 2016, including transportation costs, were $1.44 per Mcf of natural gas, $42.00 per barrel of oil and $0.33 per gallon of NGL, fhttp://www.streetinsider.com/Press+Releases/Gulfport+Energy+Corporation+Provides+Second+Quarter+2016+Operational+Update+and+Schedules+Second+Quarter+2016+Financial+and+Operational+Results+Conference+Call/11832052.htmlor a total equivalent price of $1.81 per Mcfe.

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They took a hit on derivatives.

I think Gulfport is reporting 2q 2016 results today.

Oh what man hath wrought.

I'm predicting a terrible reckoning.

Oh well, they lost other people's money.

At least they can feel good about that.

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