Repeat, Buy OXY
Posted: Fri May 20, 2022 7:49 pm
why
1 Warren Buffett buying
2. cash flow sensitivity
CASH FLOW SENSITIVITIES
Annualized cash flow changes ~$225 MM per $1.00 /
bbl change in oil prices
◦ ~$205 MM per $1.00 / bbl change in WTI price
◦ ~$20 MM per $1.00 / bbl change in Brent price
Annualized cash flow changes ~$205 MM per $0.50 /
MMBtu change in natural gas prices
Production changes ~300 boed per $1.00 / bbl change
in Brent price
3. Volumes increasing q2, realized prices increasing q2 ; q1 was 3.3 b in FCF all went to debt..Q2 will be over 4 b
check out slide deck slide 32... q1 103 bod / day oil, 80 ng & liquids.. 80 a day * 90n days is 720 boe, = 4.5 bcf More than CRK More than AR combined....ALL UNHEDGED
3 A . GO BACK TO # 2, LOOK AT CASH FLOW IMPACTS FOR HIGHER PRICES
4 https://www.oxy.com/globalassets/docume ... slides.pdf
1 Warren Buffett buying
2. cash flow sensitivity
CASH FLOW SENSITIVITIES
Annualized cash flow changes ~$225 MM per $1.00 /
bbl change in oil prices
◦ ~$205 MM per $1.00 / bbl change in WTI price
◦ ~$20 MM per $1.00 / bbl change in Brent price
Annualized cash flow changes ~$205 MM per $0.50 /
MMBtu change in natural gas prices
Production changes ~300 boed per $1.00 / bbl change
in Brent price
3. Volumes increasing q2, realized prices increasing q2 ; q1 was 3.3 b in FCF all went to debt..Q2 will be over 4 b
check out slide deck slide 32... q1 103 bod / day oil, 80 ng & liquids.. 80 a day * 90n days is 720 boe, = 4.5 bcf More than CRK More than AR combined....ALL UNHEDGED
3 A . GO BACK TO # 2, LOOK AT CASH FLOW IMPACTS FOR HIGHER PRICES
4 https://www.oxy.com/globalassets/docume ... slides.pdf