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spec machine

09/02/21 1:13 PM

#364 RE: littlejohn #362

OPEC+ has made it clear they will allow oil to run hotter as they've regained some additional pricing leverage and have declined the US's request to increase production

no more interim data from liftings but as long as production is not hampered by production problems, the revenue will continue strong with their new, larger working interest

pouring all of the cash into the FSO and the new drilling program will take a while to show benefit on the bottom line but they do have an excellent track record of successful execution on their big CAPEX items in the recent past

no debt, big planned upgrades already covered with hedges and cash on hand, and a strong crude market

should be a nice long run ahead

spec