- Whiting appears capable of generating over $200 million in positive cash flow during the second half of 2021, giving it a slight net cash position by the end of 2021.
- Without hedges, it may have been able to generate over $400 million in positive cash flow during this period.
- Hedges will likely have somewhat less negative impact in 2022.
- DAPL EIS not expected until September 2022 now, stabilizing the pipeline situation until then.
- Whiting's valuation appears fair for $65 WTI long-term oil, with a $5 change in oil prices affecting its value by around $7 per share.
For further details see:
Whiting Petroleum: Looks Fairly Valued For Long-Term $65 WTI Oil