RE: Meanwhile crafty old hurricane energy22 Sep 2020 11:45
30 days X 15k bopd = 450,000 barrels.
450,000 barrels X $40 oil - nets $18m turnover
450,000 barrels X $45 oil - nets $20.25m turnover
450,000 barrels X $50 oil - nets $22.5m turnover
450,000 barrels X $60 oil - nets $27m turnover
Yes, profit is perhaps 6m a month, that's 72m a year. What are the CBs going to do....continue collecting 7.5% a quarter and kick repayment of principal down road....remediation, remediation, remediation