Replies to post #13607 on Viewer's Choice

[littlejohn]

VTLE has been projecting about 10%

reduction in oil production for 4th

quarter on pro forma basis versus

pro forma results from early 3rd

quarter including all acquisitions...

This seemed nutty along with the

big percentage oil hedge position

until now...

Now looking like mind readers but it

was to assure that the debt gets paid...

https://investor.vitalenergy.com/static-files/57d5e9bc-3e09-467a-98c6-3c712de00f2c

Roughly 40,500 bbls/day of oil hedged

in 4th quarter at about $76/bbl...

Roughly 50,800 bbls/day of oil hedged

in 1st quarter,2024 at above $73/bbl...

WAHA hedging price discount improves

in 1st quarter,2024 also, very needed...

So there cash flow targets to reduce the

debt added would need less reduction

of Cap Ex to meet targets than other

companies if oil price stayed depressed...

And that should position them for the

next price upswing when it comes

in spring of 2024...

Their strategy is more likely due to

debt reduction targets and the election

year ahead than being mind readers...


Peon thesis, of course...

So we watch...LJ