Member Info for Helpful

WTI $81. Kerching!!

Who said anything about irresponsible?

The issue is price movement and then costs.

If the price is moving up why would you hedge? I reckon that the only reason you would hedge at the moment was if Washington Federal wanted NTOG to hedge. It doesn't look they have required it so they must be on board with the rising oil price narrative.

Personally, I would look to start hedging some production around $85. If WTI is $85 he might get 12 months at $78/$80. I have not looked at what hedging is available for a few weeks so I am not current on what is being offered.

Anyway, we should have the Q3 update soon and maybe you will understand a lot more or maybe not...

DYOR

And what questions are you going to ask?

https://twitter.com/StockBoxMedia/status/1448615217093611526?s=20

https://www.youtube.com/watch?v=7_PX1cVuaVA

DYOR

https://www.youtube.com/watch?v=7_PX1cVuaVA

https://twitter.com/StockBoxMedia/status/1448615217093611526?s=20

Lots of fingers, lots of pies.

https://twitter.com/Youngin74703257/status/1448389188966141955?s=20

Same here.

DYOR

Micawberism, old boy.

Still in place.

What you is it being used?

Why would NTOG put hedges in place if they are certain prices are rising?

Personally, I would look to start hedging around here.

DYOR

https://twitter.com/HedgehogTrader/status/1448304981526908936?s=20

Gold price on a bit of a tear, knocking on the door of $1,800. Very good for RRR.

https://goldprice.org/

Arithmetic old chap.

Average production H1 was 84 bopd
Average price was $63.28

If the price the other day was $80 then the delta (that is change or variance to you) is 84 x (80-63.28) = $1,404

But that assumes that the AVERAGE production for h1 is the current production level (not very likely). So revenue would have been 84 x 80 = $6,720.

IMHO production is north of 100 and somewhere around 100/130 bopd. In which case the delta and the revenue are both much higher.

All IMHO

xx

DYOR

https://twitter.com/TereaAfrica007/status/1448133668061388802?t=XAhmqw0jtmw6dpwQ5pvTmw&s=19

It was a good buying opportunity though.

All you have to do is click on the chart function to see what you said is not true.

https://twitter.com/i/broadcasts/1MnGnkRXoZwJO?t=cTCG2iCXKPBs2QFLbbaqyQ&s=09

Evening, Trolls. All

https://twitter.com/business/status/1447584051481751552?t=fv0Mjhwtzvz-qrxBa7sJ3g&s=19

https://en.wikipedia.org/wiki/Supergene_(geology)

https://www.investegate.co.uk/power-metal--pow-/rns/tati-project-botswana---drill-programme-commences/202110111440216964O/?utm_content=bufferb51a6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

WTI $81.13 Trolls.