Post by
Farmer12 on Jul 18, 2022 2:46pm
Prospects
Average spot Cushing WTI in Q1 $94.45 U.S. in Q2 $108.72. Henry Hub NG average spot in Q1 was $4.65 U.S., in Q2 $7.48. EIA projects H2 NG price of around $5.98 for the balance of the year, which might be on the conservative side. Arc was pretty good at capturing almost all of HH pricing in Q1 but that is a high bar, given our distance from higher priced markets. Arc crude with production around 8k bpd, and condensate, around 73k bpd, also are getting great prices. In Q1 CF was $759 million, FFO $744 million and FFF $410 million. Even cutting the share count and debt in a virtuous cycle helps throw a few more beans into the cookie jar. The Saudis seem to be saying to Biden re production increases "We'll get right on it, he he he, giggle!!! Almost like when your wife tells you you should mow the lawn. These are the good old days, my friends. But tough decisions have to be made, like whether to get a mail order bride, or a new car, or a boat or settle for a vacation surrounded by dusky maidens.
Comment by
vladpanka on Jul 18, 2022 2:56pm
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Comment by
TimeBuilder on Jul 18, 2022 4:01pm
MULTI BB SPAMMER IMO = GOOD BYE