RE:RE:Take elducky's 70 mill and multiply by .6 Any way you look at it the view out front is much better than the rear view mirror. I'm beating it to death but it's worth pointing out again, every producer hedges, nobody sells 100% at spot, partly because it's physically impossible to sell a boat load of production coming out of the ground today, at spot, when you have to ship it to Houston before it goes on said boats. The forward curve even going out just a few months, is steeply in backwardation vs the "normal" state for all commodities which is a slight contango to accommodate holding costs and the time value of money. I prefer to track the forward price for financial forecasting vs the exciting headline spot price. For example, Dec 2022 price is 78.65 at this moment, which is a record high. Most of the summer it was low 60s. It's well below spot, but it's a good indicator of what future cash flow will look like. https://www.barchart.com/futures/quotes/CLZ22/interactive-chart