RE:RE:RE:RE:Baffles MeThe funny thing is the impairment price decks show higher then 70 expected for 2021 and these companies act like WTI oil is going to be 60 for the year...Obe uses 70.50 for Wti. TVE used over 71..like 71.33.
plus 7 months of year have passed.
If oil prices though remains above 70.50 that OBE used as the new price deck for 2021 impairment...I think Q3 and Q4 depletion would get a postive bump...no?
Hendrick3 wrote: I agree Kavern and accompanying the write up is an offsetting higher depletion cost of about $8 million a quarter by my calculation. Going forward with higher prices less that higher depletion, I think $30 million a quarter in earnings and about $60 million a quarter in FFO or earnings of 40 cents per share and FFO of 80 cents per share.