I don't know why some of you are calling for a FF yield well south of 10%. It's.....booool.....s***t.
The Brent/Oil price has been flat to higher 2H CY2023 vs 1H CY2023. While the gas price has been volatile, it climbed to over 3.75 into November which is the majority of 2H CY2023.
Further, the war between Israel and Palestine is unavoidably pulling in all the Middle Eastern countries whether they want to or not. Iran, Yemen, and one or two are perhaps proactive...Saudi, Qatar, UAE and the others are unavoidably exposed with skin in the game/region.
They need money to backstop their initiatives. There is almost no downside to oil IMView.
Oh, and does Russia need income or not?
I don't know why some of you are calling for a FF yield well...
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