GREY:TBTEF - Post by User
Post by
qwqwon Dec 18, 2015 11:28am
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Post# 24395342
2016
2016 2015 YTD averages for WTI is $49 and for Henry Hub Spot $16 boe
Now add $10 boe worth of hedging gains for 2015 and life wasn't too bad.
Current price for WTI $35 and Henry Hub Spot $10 boe.
It's bad enough that oil prices are $14 lower and NG $6 lower than the averages
But now remove a big chunk of the hedging gains for 2016 and things go to hell
in a hurry.The entire north american O&G industry will be grinding to a halt in 2016.