RE:Supply won’t rebound as fast as demand: Mike Rothman on oil Very good interview ! WTI at 130$US it's insane !
For my point of view, we just need a stable WTI around 80-85$ until the delivery of the YER scheduled Feb 24th.
Hope Baytex management will introduce a 3 year plan instead of the actual 5 year plan... or at least update their forecast to inform properly the market and the huge potential they have.
Here are some of my own forecast :
100$ WTI unhedged for a full year 2023 with only 81,500 boe/d without Clearwater
Revenues 3,0B$ FCF 832M$
130$ WTI unhedged for a full year 2023 with only 81,500 boe/d without Clearwater
Revenues 4,0B$ FCF 1,1B$
I am just trying to make you smile on this red day !
Nice week-end all !