Post by
clamlinguine on Apr 03, 2023 12:06pm
Smoke and Mirrors
I don't know why the stock is up but I'm out. Over $3 billion cash billion for that? Announcing the Bakken sale at the same time to add confusion? Assume 60000 bbls per day with everything over $50 as free cash flow...60000bbls x 365 days x $30 at $80wti= $657 million fcf a year. That's almost 5 years at high oil price to break even.
As always, definitely just my opinion and spitballing.