RE:RE:Valuation TOU vs. ARC(1) WRONG. I have cash flow per boe at $29.80 - not $28.80 as you state.
(2) I quoted cash flow per boe - not operating netback. The numbers as shown in my calculation come right out of the Q4 reports. I trust you know how to divide, multiple , add and subtract.
(3) cash flow incorporates admin expenses, interest and all other cash expenses that operating netbacks do not.