RE:RE:WTI PricingFirst off let's discuss WTI. Seems to have hit resistance at 60.60. Opec is meeting this weekend. hands up who thinks that they will allow a repeat of 2014? I'd say 70/30 that they will cut back, but who knows what strings Trump has. Even if WTI stays flat, the Condy price should move up to the 70's.
On Q4 production, they are aonly tieing in 15 wells, so they are signalling flat to slighty down in q4 as a result of over weighting capex in Q1 and Q2. They should meet 2018 guidance.
Gas price should increase by $0.75 or so to 4.25.
No relief on hedging as they hedged against a $50 WTI and $2.90/mcf .I mean that the hedged discount in $per boe will be same as q-3.