RE:RE:RE:RE:RE:TPH sets $3.00 outlook ahead of Q1.They will exit the year with incremental cash flow of $50-$75 million depending on oil prices in Q2, Q3, Q4.
I have assumed WTI25, WTI35 and WTI in Q2,Q3,Q4.
As economies open up we will see $30WTI and moving higher in Q4.
By Q12021 we are already in defecit considering permanent shut down and opec cuts.
Pick your side!
+ Downside is quantified from here.!