RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very different world from march 2019Robertboblaw wrote: I might change this response. You know, omicron will likely spread, disrupting travel and back to work plans world wide. I don't think even $70 oil for the first half on next year is likely. I don't see much use in any special divies thus. good news is, 50% of our prod next year is hedged at ~$69 USD (assuming today's 1.29 exchange rate). This will help us should omicron keep negatively affecting prices. Maybe by next summer once this passes, we can get back to seeing higher oil, and Pou can go back on a tear. But the next six months could be a bumpy ride, but those hedges give us some pretty solid cushioning imo. GLTA next year.
I should correct something, this avg hedged price for next year should be more like $72.50 (using todays exhnage rate of 1.28). Furthermore, With the collars, 50% oil prod is hedged; but without them, its only like 28% oil hedged. My bad.