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jballinvest 2 posts  |  Last Activity: May 18, 2016 10:57 AM Member since: Jul 25, 2003
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  • jballinvest by jballinvest May 18, 2016 10:57 AM Flag

    - see eia.gov for weekly WTI prices. Halfway through quarter average is about $41 and will be higher second half of quarter - maybe $47+
    - CLR reports an achieved price about $7.5 below WTI (last q) but that could improve as rail transport decreases
    - barnburner production getting achieved on cheap wells while Bakken strictly cost-controlled
    - 1Q realized was about $26. 2Q should be north of $35? - that + production means revs up 30%+

    Do the math: decent chance they'll blow out 2Q estimates top and bottom. After that, it gets better...

  • keep an eye on oil sands production and ymm fire - "Syncrude joins Shell and Suncor in cutting production to focus on helping evacuees". that's this afternoon. up to 2M bpod can be exposed here. just another catalyst. I don't see the pullback in oil going anywhere, it's going to resume moving higher. CLR's fine

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