CE1 0.00% 0.8¢ calima energy limited

Oil futures $79 at December 2024. Backwardation between now and...

  1. 125 Posts.
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    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?
 
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