RE: Dumm question24 Apr 2020 14:29
If it is Brent then we could look at how many days we are below 30$ a barrel.
Looks like -
16th march to 2nd april (17 days)
14th april to date (10 days so far)
total so far 37 days below break even.
However 40% hedged so you could say 60% of those days are poor, simplisticly.
So that means only 22.2 days PMO has been below break even, so far.
Perhaps another 15 days below break even, but again minus 40% so thats 9 days.
So in total 22 + 9 = 31 days below break even, a month say.
So to me that is profit for the other months, in variable degrees, so I think break even for the year is way too conservative.
IMHO