Dusting For Fingerprints (guests: Carter Worth, Kuppy)
The Market Huddle
00:00
The Oil Val, You Know, Is Indicated Volatility in the Low Seventies?
The future's curve is very, very backaated. And so as a result, you coudbasily buy something below the cost of production at a superlo implied val. I don't think you could produce oil right now the marginal barrel,. If you want a hundred million barrels at 70, just that's a below the break even. You can't just go, o, drill unprofitable wells and t fudge the numbers and hope no one figures it out.
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