RE:RE:RE:Quarterly results out . Buy buy buyFCF is all that matters. Given the extent of 2020 hedges (~2/3 of production), realized prices in 2019, and production increase of a few percent, I think the 2020 number will at least match that of 2019, and could be significantly higher if oil prices stage a recovery to 60+. The company expects to generate positive FCF at prices even below the current figures. No mention of what if any acquisition or restructuring charges remain for this year.
>>>2019 non-GAAP free cash flow was $305 million, or $476 million excluding $171 million of acquisition and restructuring costs.
>>>The 2020 program is expected to be free cash flow positive at prices lower than the current strip prices of approximately $52/bbl WTI oil and approximately $2.15/MMBtu NYMEX natural gas. As of December 31, 2019, Ovintiv had 2020 benchmark hedges of approximately 165 Mbbls/d of crude oil and condensate and 1,188 MMcf/d of natural gas.