the Eia hasnt published March yet but that hasn't stopped me from calculating it
March 2022 $108.50
February 2022 $91.64
January 2022 $83.22
Q1 averaged Simple of 3 months = 94.45
Q1 average average of daily prices , no wknds, was = $ 94.94
Q4 2021 average was 77.19
roughly 95 vs 77 last qtr. + $ 18 bucks, Ty Team Biden for your insane policies, Yeah all Putins Fault
The un-hedged names will be printing money and attracting scorn.
And if we can avg 100 for q2 , means q2 will be higher than q1!
$18 to OXY means FCF grows to 4.0 b from 3 b for q1 and that doesn't add anything for the NG piece