RE:RE:No FCF projections for 2023There's a mistake in my initial calculation. FCF projection is 61+238+238= $537 for Q1 2023 at 75 wti and $3 gas. This would yield a 21.5% fcf.
Today's $66 wti and $2.35 gas, with cf sensitivity of $75 million per wti dollar and $100 million per 25 cents HH gas, with a $34 share price....fcf is 14%.
$2.137 billion yearly fcf at $75 and $3....subtract $9 X $75 mil for 66 wti....subtract 2.5 X 25 cent X $100 mil.....divide by 258 million shares......divide by 34 dollar share price.
These are my own very fallible notes.
By the metrics I'm playing with here, breakeven is $50 WTI and $2.10 HH gas.