Dan,
Which of the American Sweet 16 have the most exposure to world oil price verses Brent? This might be an issue soon? Thanks.
Notwoways
Best sweet 16 for WTI oil prices
Re: Best sweet 16 for WTI oil prices
Gulfport (GPOR) which is selling 85% of its oil into the Gulf Coast market at a $15 to $20 per bbl premium to WTI
Denbury (DNR) sells 40% into the Gulf Coast market.
TGA sells 100% under contracts tied to Brent and very little of their production is hedged.
GTE and PMG also sell into the global market.
All of my Sweet 16 forecast models take location of production into consideration. You can see the oil and gas prices used in the forecasts at the bottom of the spreadsheets.
Denbury (DNR) sells 40% into the Gulf Coast market.
TGA sells 100% under contracts tied to Brent and very little of their production is hedged.
GTE and PMG also sell into the global market.
All of my Sweet 16 forecast models take location of production into consideration. You can see the oil and gas prices used in the forecasts at the bottom of the spreadsheets.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group