Savvy Trades and Investments

[SSKILLZ1]

BCEI

I accounted for the realized hedges in the numbers, but I had a slight mistake in my formula to account for it I now get $8.70 or so. Granted they may do more hedging between now and then so that is a fluid number. I also knocked the number down to $58 realized before derivatives to be conservative and I still get $8.50 or so, Keep In mind when II did this forecast several days ago I had it in at $62 now I have it at 58 and still get get $8.50 even with a slight issues with the derivative formula. Heck even if I go to $55 they still almost earn $8. Oil would have to go down another 10% from here for that to occur. Keep in mind we are at a seasonal weak period for oil before the winter season picks up, so I wouldn't be surprised if WTI dropped to the low 60's before bouncing back in the fall and winter. All is just my opinion, and I could always be wrong though.