Oil & Gas Prices - June 26
Posted: Fri Jun 26, 2020 8:51 am
Opening Prices:
> WTI is down 18c to $38.54/Bbl, and Brent is up 4c to $41.09/Bbl.
> Natural gas is down 3.2c to $1.450/MMBtu.
FEAR of the virus once again is likely to keep WTI in the $30s for awhile. Strip is higher than what I am using in all of my models for Q2 and Q3.
Gas price under $1.50 is unsustainable, but has little impact on the gassers that I like because a high percentage of their 2020 gas is hedged at much higher prices.
> WTI is down 18c to $38.54/Bbl, and Brent is up 4c to $41.09/Bbl.
> Natural gas is down 3.2c to $1.450/MMBtu.
FEAR of the virus once again is likely to keep WTI in the $30s for awhile. Strip is higher than what I am using in all of my models for Q2 and Q3.
Gas price under $1.50 is unsustainable, but has little impact on the gassers that I like because a high percentage of their 2020 gas is hedged at much higher prices.