SPR draw down 6.9m from last week.

US SPR crude inventories fell by 6.9mb w/w to 485.1mb last week

Keep draining!

Wait for EIA. 

Jul 7th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jul 7th WTI settled at $102.73 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 55.2% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.99 for the quarter) 100% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $112.48 for the quarter) 51.1% Complete

(Avg Spot Rate $103.46 for the quarter) 5.6% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.73* avg $102.07** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $112.48* avg $103.46** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.99** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

July 7th...EIA Report. Net draw (including SPR)

Net Draw including SPR draw -1.368M

Crude +8.235M 

SPR -5.840M

Gas -2.497M 

Dist -1.266M 

Cush +0.069M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production flat to prior week 12.1 vs 12.1 last week

Imports 6.839

Exports 2.812

US crude inventories rose by 2.394mb last week (commercial +8.234mb, SPR -5.840mb)

Updated July 7th

Crude Stock 89.6% of 5 yr average

Gas stock 91.8% of 5 yr average

Dis stock 77.7% of 5 yr average

Updated July 7th

Updated June 29th

SPR below 500!

Jul 6th - WTI Settlement price information

 Oil above $95....every day above $70 is a great day!

Jul 6th WTI settled at $98.53 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 51.7% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.90 for the quarter) 100% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $112.59 for the quarter) 50.0% Complete

(Avg Spot Rate $102.15 for the quarter) 4.2% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.68* avg $102.01** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $112.59* avg $102.15** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.90** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

SPR draw down 5.9m from last week.

US SPR crude inventories fell by 5.9mb w/w to 492.0mb last week

Keep draining!

Wait for EIA. 

Jul 1st - WTI Settlement price information

 Oil above $100....every day above $70 is a great day!

Jul 1st WTI settled at $108.43 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 34.5% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.90 for the quarter) 100% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $113.70 for the quarter) 44.7% Complete

(Avg Spot Rate $108.43 for the quarter) 1.6% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.54* avg $102.01** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $113.70* avg $108.43** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.90** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 29th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 29th WTI settled at $109.78 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 27.6% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.93 for the quarter) 98.4% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $114.06 for the quarter) 42.6% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.45* avg $101.87** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $114.06* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.93** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

June 24th...EIA Report. Big Net draw (including SPR)

Big Net Draw including SPR draw -4.508M

Crude -2.762M 

SPR -6.950M

Gas +2.645M 

Dist +2.559M 

Cush -0.782M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production flat to prior week 12.1 vs 12.0 last week

Imports 5,998

Exports 3,380

US crude inventories fell by 9.712mb last week (commercial -2.762mb, SPR -6.950mb)

Updated June 24th

Crude Stock 87.3% of 5 yr average

Gas stock 91.5% of 5 yr average

Dis stock 79.4% of 5 yr average

Updated June 15th

Updated June 29th

SPR below 500!

Jun 28th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 28th WTI settled at $111.76 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 24.1% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.86 for the quarter) 96.7% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $114.22 for the quarter) 41.5% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.40* avg $101.83** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $114.22* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.86** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 27th - WTI Settlement price information

 Oil above $100....every day above $70 is a great day!

Jun 27th WTI settled at $109.57 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 20.7% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.81 for the quarter) 95.1% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $114.22 for the quarter) 40.4% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.32* avg $101.75** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $114.22* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.81** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

SPR draw down 6.9m from last week.

US SPR crude inventories fell by 6.9mb w/w to 497.9mb last week

Keep draining!

Wait for EIA.

Rig Count - Perspective for new investors *important*

You hear in the media rig counts increasing and back to the educational piece...what does this mean?

Well here is some history

1. Note we are trending roughly the same line at 2002 through 2009
2. Note we started below 2002 due to the COVID drop...therefore we are only NOW at 2002 rig levels
3. From here if we continue to follow the same trend line it will take (roughly) 7 years

***important****
4. This ASSUMES oil companies get to it right away and don't shy away from CAPEX due to the historical trauma....(this is debatable)
5. This ASSUMES supply chain is just as good as before and we don't have any delays (well we all know supply chain is a disaster right now)


So when people tell you how is the rig count going focus on the below....history repeats itself....and if you believe that...we have at least 7 years to go...of course assuming oil companies as of right now shift to capex and in the next 30 days supply chains around the world are fixed.

I will bookmark this and repost to keep people aware every Friday

2022 Q2 Canadian O&G Earnings Dates

 Alpha Order

Date Order

Jun 24th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 24th WTI settled at $107.62 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 10.3% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.79 for the quarter) 93.4% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $114.73 for the quarter) 37.2% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.15* avg $101.68** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $114.73* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.79** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 23rd - WTI Settlement price information

 Oil above $100....every day above $70 is a great day!

Jun 23rd WTI settled at $104.27 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 6.9% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.81 for the quarter) 91.8% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $114.83 for the quarter) 36.2% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.08* avg $101.63** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $114.83* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.81** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 22nd - WTI Settlement price information

 Oil above $100....every day above $70 is a great day!

Jun 22nd WTI settled at $106.19 (Front month August 2022)

August 2022 front month contracts expires July 20th, 2022.

August 2022 front month contracts 3.4% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.90 for the quarter) 90.2% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $115.19 for the quarter) 35.1% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.05* avg $101.61** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $115.19* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.90** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 21st - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 21st WTI settled at $110.65 (Front month July 2022)

July 2022 front month contracts expired today June 21st, 2022.

July 2022 front month contracts 100.0% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.95 for the quarter) 88.5% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $115.60 for the quarter) 34.0% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $96.02* avg $101.57** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $115.60* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.95** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

SPR draw down 6.8m from last week.

SPR withdrawal slowed this past week 

US SPR crude inventories fell by 6.8mb w/w to 504.8mb last week

Next week most likely under 500m in the SPR....

Keep draining!

Wait for EIA.

Jun 17th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 17th WTI settled at $109.56 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 87.5% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.90 for the quarter) 83.9% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.30 for the quarter) 29.8% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $95.75* avg $101.49** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.30* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.91** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 16th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 16th WTI settled at $117.58 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 84.4% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.90 for the quarter) 83.9% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.83 for the quarter) 27.7% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $95.72* avg $101.42** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.83* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.90** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 15th - WTI Settlement price information

 Oil above $100....every day above $70 is a great day!

Jun 15th WTI settled at $115.31 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 81.3% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.73 for the quarter) 80.6% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.71 for the quarter) 27.7% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $95.60* avg $101.28** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.71* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.73** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

June 15th...EIA Report. Big Net draw (including SPR)

Big Net Draw including SPR draw -5.740M

Crude +1.956M 

SPR -7.711M

Gas -0.710M 

Dist +0.725M 

Cush -0.826M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production flat to prior week 12.0 vs 11.9 last week

Imports 6,985

Exports 3,725

US crude inventories fell by 5.755mb last week (commercial +1.956mb, SPR -7.711mb)

Updated June 15th

Crude Stock 86.1% of 5 yr average

Gas stock 89.7% of 5 yr average

Dis stock 77.8% of 5 yr average

Updated June 15th

Updated June 15th

SPR below 520 heading to 500!

Jun 14th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 14th WTI settled at $118.93 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 78.1% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.60 for the quarter) 80.6% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.91 for the quarter) 26.6% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $95.52* avg $101.15** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.91* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.60** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 13th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 13th WTI settled at $120.93 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 75.0% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.39 for the quarter) 79.0% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.91 for the quarter) 25.5% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $95.42* avg $101.00** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.91* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.39** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Record SPR draw down 7.7m from last week.

US SPR crude inventories fell by record 7.7mb w/w to 511.6mb last week

After June under 500m in the SPR....

Keep draining!

Wait for EIA.

US DUC Reporting not adding up?

HOLD ON HERE!

 June 13th

April = 4295

May = 4249 

Suggests another 46 DUC's completed

HOWEVER check out the 

May 16th report

April = 4223 

The report today suggests less DUC's (increased completion)?

NO, NO, NO EIA!....4223 to 4249 is an INCREASE in uncompleted wells....

Jun 10th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

Jun 10th WTI settled at $120.67 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 65.6% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $108.13 for the quarter) 77.4% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.45 for the quarter) 22.3% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $95.05* avg $100.82** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.45* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $108.13** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 9th - WTI Settlement price information

 Oil above $100....every day above $70 is a great day!

Jun 9th WTI settled at $121.51 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 62.5% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $107.86 for the quarter) 75.8% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.29 for the quarter) 21.3% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $94.92* avg $100.64** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.29* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $107.86** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 8th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984, Mr.Nugget, fortunefavorsus

Jun 8th WTI settled at $122.11 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 59.4% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $107.56 for the quarter) 74.2% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $116.06 for the quarter) 20.2% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $94.79* avg $100.44** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $116.06* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $107.56** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

June 8th...EIA Report. Big Net draw (including SPR)

Big Net Draw including SPR draw -3.464M

Crude +2.025M 

SPR -7.269M

Gas -0.812M 

Dist +2.592M 

Cush -1.593M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production flat to prior week 11.9 vs 11.9 last week

Imports 6,154

Exports 2,232

US crude inventories fell by 5.244mb last week (commercial +2.025mb, SPR -7.269mb)

Updated June 8th

Crude Stock 85.2% of 5 yr average

Gas stock 89.9% of 5 yr average

Dis stock 76.8% of 5 yr average

Updated June 8th

Updated June 8th

SPR below 520 heading to 500!

Jun 7th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984, Mr.Nugget, fortunefavorsus

Jun 7th WTI settled at $119.41 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 56.3% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $107.24 for the quarter) 72.6% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $115.60 for the quarter) 19.1% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $94.64* avg $100.24** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $115.60* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $107.24** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 6th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984, Mr.Nugget, fortunefavorsus

Jun 6th WTI settled at $118.50 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 53.1% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $106.96 for the quarter) 71.0% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $115.34 for the quarter) 18.1% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $94.51* avg $100.06** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $115.34* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $106.96** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

SPR draw down 7.3m from last week.

 US SPR crude inventories fell by 7.3mb w/w to 519.3mb last week

After June possibly under 500m in the SPR....

Keep draining!

Wait for EIA.

Jun 3rd - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984, Mr.Nugget, fortunefavorsus

Jun 3rd WTI settled at $118.87 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 43.8% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $106.69 for the quarter) 68.3% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $114.59 for the quarter) 14.9% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $94.13* avg $99.89** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $114.59* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $106.69** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

Jun 2nd - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984, Mr.Nugget, fortunefavorsus

Jun 2nd WTI settled at $116.87 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 40.6% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $106.15 for the quarter) 65.1% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $114.14 for the quarter) 13.8% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $93.99* avg $99.71** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $114.14* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $106.15** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

June 2nd...EIA Report. Massive Net draw (including SPR)

Massive Net Draw including SPR draw -11.730M

Crude -5.068M 

SPR -5.421M

Gas -0.711M 

Dist -0.530M 

Cush +0.256M

ITEMS BELOW TO BE UPDATED LATER IN BLUE

WHITE IS UPDATED

BLUE FROM LAST WEEK

Other info

Domestic production flat to prior week 11.9 vs 11.9 last week

Imports 6.218

Exports 3,990

US crude inventories fell by 10.489mb last week (commercial -5.068mb, SPR -5.421mb)

Updated June 2nd

Crude Stock 85.0% of 5 yr average

Gas stock 91.5% of 5 yr average

Dis stock 76.2% of 5 yr average

Updated June 2nd

Updated May 25th

SPR heading to 520!

Jun 1st - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984, Mr.Nugget, fortunefavorsus

Jun 1st WTI settled at $115.26 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 37.5% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $105.98 for the quarter) 64.1% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $113.81 for the quarter) 12.8% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $93.86* avg $99.48** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $113.81* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $105.98** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

May 31st - WTI Settlement price information

 Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984

May 31st WTI settled at $114.67 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 34.4% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $104.74 for the quarter) 54.7% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $113.64 for the quarter) 11.7% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $93.75* avg $98.64** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $113.64* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $104.74** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

SPR draw down 5.4m from last week.

US SPR crude inventories fell by 5.4mb w/w to 526.6mb last week

Have you noticed the trend....last few weeks the withdrawal rate is declining. Originally there was chatter that the deeper you go into the caverns the slower the process to pull...

After June possibly under 500m in the SPR....

Keep draining!

Wait for EIA.

May 27th - WTI Settlement price information

Oil above $100....every day above $70 is a great day!

My Current Stockhouse Ignore list for new investors (cleans up the garbage on the board)

User name: deepblue, GassXX, Ghost73patrol, Joe455, Jtpatrol1, Larrymartin77, Nothingmatters, SusanBolland, unluckyl3, unlucky13, Intheweeds1984

May 27th WTI settled at $115.07 (Front month July 2022)

July 2022 front month contracts expire June 21st, 2022.

July 2022 front month contracts 21.9% complete

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $104.74 for the quarter) 54.7% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $112.64 for the quarter) 7.4% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

2022 (* WTI Front month contract ** WTI Spot rate, No colour = final/BTE actual)

YTD 2022 avg $93.28* avg $98.64** (PRIOR YEAR $67.92)

Q4 2022 BTE Cash Flow AFF Q4 = $TBD avg $xxx.xx* avg $xxx.xx** (PRIOR YEAR $77.19)

Q3 2022 BTE Cash Flow AFF Q3 = $TBD avg $112.64* avg $xxx.xx** (PRIOR YEAR $70.56)

Q2 2022 BTE Cash Flow AFF Q2 = $TBD avg $105.39* avg $104.74** (PRIOR YEAR $66.07)

Q1 2022 BTE Cash Flow AFF Q1 = $280M avg $94.29 (PRIOR YEAR $57.84)

2021 Full Year 2021 WTI $67.92 FINAL! 

Q4 2021 BTE Cash Flow AFF Q4 = $215M avg WTI $77.19

Q3 2021 BTE Cash Flow AFF Q3 = $198M avg WTI $70.56

Q2 2021 BTE Cash Flow AFF Q2 = $176M avg WTI $66.07

Q1 2021 BTE Cash Flow AFF Q1 = $157M avg WTI $57.84