Post by
vwbusman on May 17, 2024 6:15am
Upcoming quarters....
The best part of the past quarter's report was the info on the upcoming quarter cash flow increase potential. Reading the notes below will be great for us moving forward, even if WTI stays flat at around $80 - see below taken from the report:
"Strong free cash flow generation is targeted in the last nine months of the 2024, given improved crude oil forward strip pricing as of April 30, 2024:
WTI of US$79.95/bbl, an improvement of approximately US$3/bbl from US$76.97/bbl experienced in Q1/24.
SCO at a US$2.47/bbl price premium to WTI, an improvement of approximately US$10/bbl from a US$7.54/bbl discount experienced in Q1/24.
WCS differential strengthening to a discount to WTI of US$13.17/bbl, an improvement of approximately US$6/bbl from the US$19.34/bbl discount experienced in Q1/24"
Think about it - we are getting almost $9-10 per barrel USD more now than in Q1