oily names hammered today
Posted: Mon Aug 16, 2021 2:53 pm
Covid impacts and lower demand numbers is the thinking in some circles
VERY IMPORTANT to focus on the production mix of each upstream company these days. Higher natural gas and NGL prices should offset lower oil prices for many of our Sweet 16. None of them are pure plays on oil.
We will publish an updated profile on PXD in the morning. Their NGL prices have more than doubled YOY and none of their NGLs are hedged.