Oil futures $79 at December 2024. Backwardation between now and then means we could lock in $80+ oil for the next 2.5 years which would generate enough FCF to cover the current market cap. They're unlikely to hedge all production but is my thinking sensible here?
Oil futures $79 at December 2024. Backwardation between now and...
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0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.067M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $27.31K | 3.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1905654 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 5543863 | 16 |
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