Oil & Gas Prices - March 17

[dan_s]

Opening Prices;
> WTI is down 13c to $28.57/Bbl, and Brent is down 54c to $29.51/Bbl.
> Natural gas is down 2.6c to $1.789/MMBtu.

In the newsletter that we published this morning, I focus on the hedges that each upstream company has in place. It is extremely important that you know the hedging policy of the upstream companies you hold. Also, hedges are liquid assets that can be monetized if necessary. Check out the press release from Parsley recently. They say that based on the current strip price of oil, they should get $400 million of cash settlements on their hedges this year.

Closing Prices:
> WTI prompt month (APR 20) was down $1.75 on the day, to settle at $26.95/Bbl.
> NG prompt month (APR 20) was down $0.086 on the day, to settle at $1.729/MMBtu.