Below is Q1@$40, Q2@$30, Q3@$50 and Q4@$50. Ptetty bearish annual avg at $42.50.
IMO SEA and LNR are not far off updating with further Capex cuts ... which makes sense to me. Debt/EBITDA ratio climbs to 1.39 which is nothing to speak of. The minimal hedging hurts to most.
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SEA "Recovery" Price Model detail, page-3
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