Q4 results are going to be much better than Wall Street and most investors expect.
WTI averaged $59.32/bbl
Brent averaged $68.10/bbl
Most of the Sweet 16 had quite a bit of their oil hedged. Mark-to-market gains on those with oil hedges in place for the future will be HUGE in Q4.
Plus, natural gas prices spiked to almost $5.00 in Q4.
What are Q4 results going to look like?
What are Q4 results going to look like?
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group