Rest of 2022 ... 102.62
2023 ... 88.40
2024 ... 78.92
I dont see oil shortage curing itself next 2 years.
Id like to see some EP swing for the fence.
Here's an idea Sell 2022 @ 102.42 buy the same amount for 2024 . Net hedged volume is zero but they capture the spread between the 2 years and if oil is at $110 , 2 years from now, they have their normal sales at 110 and bonus extra volume bought this year to overlay it
These guys need to think outside the box, imho!