Nuttall, a Canadian energy fund manager, has underwritten $70 WTI for 2027 as a floor rather than a forecast; he now puts $80-plus on the table if the status quo holds, worth roughly a 50% lift in producers' average free-cash-flow yields. A companion post the same morning ties it to IRGC strikes hitting about two ships a day and a visible drop in Hormuz exports, and Bloomberg reported Hurricane Isaias shutting nearly three-quarters of Gulf of Mexico output the same day.
The question I ask myself every morning now...what oil price to underwrite for 2027? We've been using $70WTI, not a forecast but instead a defendable floor. If status quo persists, $80+WTI is on the table and with it a ~50% increase in average FCF yields:
Nuttall, a Canadian energy fund manager, has underwritten $70 WTI for 2027 as a floor rather than a forecast; he now puts $80-plus on the table if the status quo holds, worth roughly a 50% lift in producers' average free-cash-flow yields. A companion post the same morning ties it to IRGC strikes hitting about two ships a day and a visible drop in Hormuz exports, and Bloomberg reported Hurricane Isaias shutting nearly three-quarters of Gulf of Mexico output the same day.
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