It’s not only oil prices which need to be considered. The investor briefing day had noted the cash flow to be turned off over the roughly next 5 years, this noted the cash flow at 50, 70 & 90 USD per barrel. This also had gas hub prices at $10 per MMbtu I believe.
Gas prices currently at $8.5 on spot market I think?
If you check last years prices realised gas prices received were much higher than currently is seen. Oil price is roughly a little higher or around the same levels. Thus any gas sold via spot or hub prices will receive lower revenue then previously.
Last year i think prices received was about $14 MMBTU, times this by 5.7 (MBTU to barrel equivalent) = $79.8 per barrel equivalent.
Currently at $8.5, times this by 5.7 = $50 roughly.
I believe this is dragging the SP down. Let me know anyone’s thoughts on this
It’s not only oil prices which need to be considered. The...
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