a comment on TTF from IV Meanwhile, Down at the TTF Exchange (i.e.: Yrup)...& VET
Hola from Liverpool!
One week forward NG is pushing $41.25/mcf ($US!!!) with prices even better out to December. As Cool pointed out yesterday, this is $240/b oil equivalency. We don't see a strip price below $20 (equiv. to $120/b oil) till June 2024 (this is not my usual typo).
We have historically high prices of almost $15/mcf till the end of the quoted strip, Dec'25. That's 2.5 years from now.
$13-15 CFPS for at least the next 2.5 years, only $3/sh capex to sustain production and fully address depletion, 13 year RLI with 20+ year drilling inventory, anyone selling VET on the threshold of massive rises in sustainable income should reconsider the weightings of risk vs. reward.
As I've asked before...what will they do with the remaining $10-12 FCFPS??? EACH YEAR!!
Regards,
Naamkat