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I’ll still follow the stock and wish the longs all the best.
(note I am posting on the weekend and yes it is a cut & paste)
https://apnews.com/article/donald-trump-barack-obama-rising-sea-levels-billings-bb02e2fc9753d5bfd71533b963039868
With SPR dumps ending and the current energy crisis it is very probable.
https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sees-5-Gasoline-130-Brent-By-Year-End.html
Less than 24 hours after taking his presidential oath, the new president presented a tax reform plan to his nation’ s congress that will increase income taxes on wealthy individuals and place a 10% levy on oil exports.
AP reported yesterday.
Time for the CC and this is not news that should be left out of CC
Math and why the switching to oil in EU is underway before winter.
Be smart and accumulate as many shares as you can before November.
And don't forget, buybacks are coming.
And they keep saying that no effort is underway to "hamper" US production.
https://www.reuters.com/legal/government/blm-pause-oil-gas-leasing-22-million-acres-colorado-2022-08-13/
April: Brent = $106.27, leaving about $91 after the discount. Then revenue = (5000 x 30 x $91.00) + (3000 x 30 x $80.41) + (21,745 x 30 x $91.00) - (1000 x 30 x $4) = $80,130,750. Royalties = (29,745 x 30 x 91.00) x .20 = $16,240,770, leaving $63,889,980.
May: Brent = $112.39, leaving about $97 after the discount. Then revenue = (5000 x 31 x $91.28) + (3000 x 31 x $80.41) + (22,840 x 31 x $97) - (1000 x 31 x $4) = $90,182,410. Royalties = (30,840 x 31 x $97.00) x .20 = $18,547,176, leaving $71,635,234.
June: Brent = $117.37, leaving about $102 after the discount. Then revenue = (5000 x 30 x $91.28) + (3000 x 30 x $80.41) + (23,227 x 30 x $102.00) - (1000 x 30 x $4) = $91,883,520. Royalties = (31,227 x 30 x $102.00) x .20 = $19,110,924, leaving $72,772,596.
For Q2: Brent = $112.01 and total revenue after the discount and royalties = $208,297,810. This is nearly
$34M higher than Q1 before taxes, or about $20M more after taxes.
Yep, GTE is still way undervalue.
https://oilprice.com/Latest-Energy-News/World-News/Analyst-Oil-To-Hit-120-Again-By-Winter.html