RE:RE:RE:RE:Interest?Is that $90 USD for oil or $90 cdn dollars.
Thats low, as an average for 2014 even as USD.
In C$, the average would be over $100 for its light oil.
Again, investing is all about forward perspective.
With entry production of about 2000 boepd, AXL would have to exit 2014 at 3500 boepd or higher in order to average 2600 boepd.
Cash flows will show a strong temporal trend in 2014, as Cardium oil wells increase in overall contribution to total production.
That is, at exit 2014, AXL should be above 35 % oil and at 3500 boepd, should be cash flowing above $30 million.
This will be enhanced should the C$ fall to predicted levels of 85 cents.