Podcast - July 31
Podcast - July 31
The podcast will be posted to the EPG website by 6PM. I just sent it over to Sabrina who has to do some "magic" before she can post it.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Podcast - July 31
Here is the link to the podcast: https://youtu.be/ncfu6-Q5jOM
I urge you all to focus on how little US oil production has increased since November despite an increase in the active drilling rig count and the fact that ~2,700 DUC wells have been completed this year; we have completed more wells than we've drilled and US oil production is barely above flat.
I am extremely bullish on natural gas and NGL prices over the next three quarters. Ignore the MTM adjustments on the "Bad Hedges" and focus on operating cash flow. All of our Sweet 16 are generating lots of free cash flow from operations.
The Macro Outlook is extremely bullish.
I urge you all to focus on how little US oil production has increased since November despite an increase in the active drilling rig count and the fact that ~2,700 DUC wells have been completed this year; we have completed more wells than we've drilled and US oil production is barely above flat.
I am extremely bullish on natural gas and NGL prices over the next three quarters. Ignore the MTM adjustments on the "Bad Hedges" and focus on operating cash flow. All of our Sweet 16 are generating lots of free cash flow from operations.
The Macro Outlook is extremely bullish.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group