SBOW looks like a strong quarter .... adj EPS of $2.09 beat analyst estimates for $1.58. Free cash flow was strong allowing a pay down of debt. The derivative loss was expected since crude oil prices rose from $72 at year end to $83 on 3/31/24, hence the mark to market writedown of their future period hedging position.
The big wildcard remains oil prices which have been falling recently -
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