What are Q4 results going to look like?

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dan_s
Posts: 37329
Joined: Fri Apr 23, 2010 8:22 am

What are Q4 results going to look like?

Post by dan_s »

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.
Dan Steffens
Energy Prospectus Group
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