Post by
ppp on Mar 31, 2023 9:52am
Hedges
Their hedges are between 69.90 and 73.42 so if the price goes higher than 73.42 they don't receive any more. 54% of their production is hedged at that for 23. They did have hedges at 60 dollars but the also had hedges at 90 so thats the average.
For every dollar oil moves + - SOIL's FCF is effected by 4 mil, this includes the hedges so 10 dollars works out to 4 mil.
Comment by
ppp on Mar 31, 2023 9:56am
That should read 10 dollars works out to 40 mil. The company provides all the info. You just need to find it. Like I say this is not some gas company that make no CF.
Comment by
marlinbait on Mar 31, 2023 10:06am
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Comment by
ppp on Mar 31, 2023 10:54am
When was that? Here are the hedges as they stand today. 4388 bbls at 53.03 to 58.22 old hedges Viking 2282 bbls at 91.21 Ridgeback 5112 bbls at 74.11 to 78.10 455 bbls at 69.90 to 73.42. Take the average and thats low 69.90 and high 73.42.. this means they don't receive anymore than 73.42 and less than 69.90 average.