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Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
American benchmark West Texas Intermediate (WTI) traded at $80.42 per barrel at the same time, a 0.36% gain after the previous session closed at $80.13 a barrel.
Source: https://en.mehrnews.com/news/196646/Oil-up-on-expectations-of-demand-rebound-in-China
As of 1:30 pm EST, the price of crude oil (both WTI and Brent) was since yesterday.
Source: https://investorplace.com/2023/10/why-are-oil-stocks-down-today-8/
Callon's projected free cash flow for 2023 is now at $457 million at $74 WTI oil.
Commodities continue the mixed risk theme as energy is mostly positive with WTI and Brent marginally off their recent lows, while precious and base metals are trading mixed.
Earlier in the session, US West Texas Inflation Intermediate crude futures (WTI) were 24 cents lower at $93.44 a barrel, having risen above $95 for the first time since August 2022 earlier in the session.
Source: https://www.chiangraitimes.com/business/inflation-concerns-and-a-tight-supply/
Even though it’s not a global benchmark like WTI, the improved pricing for heavy crudes like WCS is important because it has “a material impact” on the earnings of producing companies and nations, Johnston wrote.
Source: https://thegrizzlygazette.com/business/demand-rising-for-canadian-heavy-oil/
I am now estimating Sitio's value at around $27 per share in a long-term $70 WTI oil and $4.00 NYMEX gas environment.
I estimate Black Stone's value at $18.00 to $18.50 per unit at long-term $70 WTI oil and $4 NYMEX gas now, and believe that it should be able to maintain its current $0.45 per unit quarterly distribution at those commodity prices.
In February, WTI ranged between about $73 and $80 per barrel.
Source: https://www.mycentraloregon.com/2023/08/16/gas-pump-prices-rising/
In June, WTI ranged between about $67 and $73 per barrel.
Source: https://www.mycentraloregon.com/2023/08/16/gas-pump-prices-rising/
It is making up for some lost ground today though, with WTI now up 1.9% to $68.40.
It is used as a benchmark for pricing other types of crude oil, and the price of WTI crude o WTI is the short-hand for West Texas Intermediate crude oil.
Source: https://www.forexlive.com/technical-analysis/wti-crude-oil-future-settle-at-8162-20230123/
It is used as a benchmark for pricing other types of crude oil, and the price of WTI crude o WTI is the short-hand for West Texas Intermediate crude oil.
Source: https://www.forexlive.com/technical-analysis/wti-crude-oil-future-settle-at-8162-20230123/
Looking across the industry, GUSH tracks a modified equal-weighted index designed to measure the performance of sub-industries as pictured above whereas the ProShares Ultra Bloomberg Crude Oil ETF ( tracks WTI Crude Oil futures contracts.
Not surprisingly, Pioneer Natural Resources has also sold off since brent crude oil and WTI prices peaked in the middle of 2022.
Now w WTI north of $75, and we are currently at $90 right now, Kosmos is in fine position.
Oil is heading higher and it might not take much to propel WTI back above the $80 a barrel level.
Source: https://www.marketpulse.com/20230111/oil-shrugs-off-massive-build-gold-awaits-cpi-data/
Still, geopolitical unrest in the Middle East could help support WTI and Brent on pullbacks over the coming weeks and months.
That being said, a decline in WTI crude futures may harm Kosmos Energy's share price.
The leverage ratio (Net Debt to Cash Flow) can remain below 0.5x at $65 WTI and $3 NYMEX pricing environment.