Post by
Canukiwi on Jul 29, 2022 10:25am
Hedge Effect
Bay, Red, et al, what is your estimate for the effect on '23 FCF of the reduction from 40% hedged in '22 to the 18% in '23 at a higher price? Thank you.
Comment by
JohnnyDoe on Jul 29, 2022 11:26am
I believe the upside protection is 96 in 2023. If oil averages 96 in 2023, notionally I get an additional 65m fcf per quarter
Comment by
Canukiwi on Jul 29, 2022 11:36am
That is very significant. Thank you JD.