RE: An interesting read - Bidens plan1 Apr 2022 10:48
True Anton. So poo lower now and when reserve is empty poo will be higher. Average will be somewhat same but in 6-12 month time tullow will (hopefully) have a higher output.
RE: Shell reconsidering Cambo pullout22 Mar 2022 21:16
Makes you wonder. Does anybody here on bb have an idea at what oil price the heavy oil found by tullow in s-America would be come somewhat interesting?
as stated in rns: realized average price was 86! and that was before poo broke 100USD. so there is a considerable upside to a higher poo. just not as high as it could be. then again, hedging in itself is very sensible. looking back it is always easy. looking back just these last 10 days i should have sold all at 62 and rebought all yesterday.