RE:Why COS is heading back to $30+Malx1,
I appreciate both your analysis and enthusiasim! A couple of questions on your analysis of net backs. Given the much higher oil price assumed in your analysis it seems to me the cash taxes will be much higher than you project along with the royalties. Do you agree?
Regardless if oil prices not only stay strong but over the longer-term rise as the article/book you referenced believes based on how much energy it will cost to extract future energy then this will become a much bigger deal.