Brent is in the mid $70s today, wow!
That would be like $59/bbl in 2015 dollars.
I’m guessing Q4 is really looking up on the balance sheet, gotta lock in* mediocre pay raises before we realize how big that pie really is!
*OBTW, mediocre rates are “agreed to in principle” however we likely won’t see them on a pay check for 2+ more quarters.