Seems absurd the fall today - all one bloke at STIFEL spouting nonsense. But the facts the same. Heavily oversold today.
Oil price cheeky gear shift higher after London close. Eventually that momentum is going to mean the game is up for keeping the lid on Tullow's share price. Whats Tullow's free cash flow if we can average $90 oil this year... be interesting to see the latest hedges in March.
Ball park? Obviously if the gas is sold at the equivilant of $80 a barrel, that's important to know. But if 1 kboepd actually equates to $5, useful to know.
Surely someone here can give an authorative answer of whether the 7kboepd of gas is as valuable as the same number kboepd of oil? So far I've had one person say no, one yes... don't we all want to know?
So the gas numbers in the 2024 production guidance, is it worth the same as oil? I.e. its rated in 'barrels of oil equivilant' so the gas figure of 7 is just as good as the same number if it were an oil figure?