just an add onAs of now, the future prices for every month till Mar '24, every barrel is 80+!!!
That is 2 years in the future!!!
I forgot what price Paul has quoted that by the end of '22, SGY d/r would be at .5...
Which means that for the remaining to Mar '24 not only SGY would be debt free but they could
pay a dividend AND should have a kitty to either buy back shares or make a cash offer with the
rest with debt. Don't forget, the terms would be more favourable because SGY would not have any
debt by Mar '24...
I think we can visit $150/b oil in the short run, but depending on how the Fed moves or rates and their
balance sheet will dictate how the US economy reacts
$150 oil is not sustanable for an extended period of time: less than a week!!!
Update
BTE, CPG,VET +3.5%
SGY +1%