Re: August Presentation
In their Corporate Profile slide at the beginning of the deck they say in footnote 7 that the PV-10 of $689.3 million is derived with prices of $59.65/bbl for oil and $1.76/mcf for natural gas.
The message of the tape, of course, is that these values are low now and going dramatically lower; that Watson will not reduce the headcount to get lean and mean; that the Board will remain bloated and self-interested; that fracking will be banned by an Executive Order of the next President not named Trump and that achieving BO-revised production guidance of +9% in 2019 will be a subject of "remember when" references.