SD revenues are over 40% oil depending on relative prices ..... also they may have a strong NG hedge position for this year and next ..... the futures market is in steep contango, so relatively strong NG prices can still be locked in for next year. I don't know their hedge position, but it should be in the 10Q.
BOIL up 17% today. And up more than double that in the past week. Maybe nat gas prices will continue shooting higher. Seems like everything else is. I'm guessing this AI bubble isn't welcome news at the Fed...just as they were making progress in their battle against inflation.
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