Public oil and gas companies are required to estimate future production, future production costs, future development costs, future income taxes and the resulting future cash flow. The resulting future cash flow number is then discounted by 10%, which results in PV10. I understand discounted future...
IMO oil and gas prices are going to do the opposite of what there doing now. But due to Nat gas being a bull market with oil should be like steroids for companies mabey even enough to have free cash flow fund the re growth instead of banks. Plus the pipelines are all there (well ...