Replies to post #13921 on Viewer's Choice

[littlejohn]

VTLE hedge contracts at $73ish for most oil

production in 1st quarter,2024

looks like it has been making

money for most of January...

https://www.oilmonster.com/crude-oil-prices/united-states/texas/27

Late week spike highly likely to

fade fast next week when most

companies have to sell more...

Oil companies still have to live by

supply and demand pricing...

Futures pricing is for hedging purposes...

Friday was likely a decent day for adding

on any future hedges needed to satisfy

debt covenants...

VTLE only needs a year of good cash

flow from their 2024 hedges to reduce

debt if they don't add any more leases,

which a dividend may depend on at

some point ahead, peon speculation...

So we watch...LJ