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Old COP MB
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Dustin' Off The CRAY - #2Assuming that the latest earnings report is not truly reflective of the new slimmed down operational structure (or even the old fat one), the current breakeven (zero earnings) price is $37/BOE. I use 6 to 1 on NG and a 50-50 mix. This results in prices that are generally 2 to 4% lower than reported in company financials, so maybe their mix is slightly higher in crude or their contracts are slightly better than NYMYX or my eyeball is a bit off. Dis |
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