GREY:ROAOF - Post by User
Comment by
TO1on Dec 31, 2007 1:37pm
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Post# 14136624
A table pounding buy - long34
A table pounding buy - long34I am well aware of the supply/demand issues in the world.
But in the short-term anything is possible.
So I gave both sides of the $88/bo equation.
Also, the average monthly price has to be $88 or higher to count towards the contract of 7.1 mmbo. It's not based on the day-to-day swings in the oil price as OIL is not payed on a daily basis.
For the record I would use 350 days to production in my calcs to account for the 2 week yearly maintenance at all production facilities.