Big Banc Split Corp T.BNK

Sustaining Capital

[wallop13]

Does anyone know what the cost is to maintain production is? $ per BBL or total cost for a year. I can't seem to find that info. Seems like it's high based on 2015/2016 capex vs production.

[wallop13]

I took a look at Suncor, Meg and Cresent Point to compare: - It looks like Suncor will spend $15.98 cad a barrel to maintain production in 2016 (45% of budget is sustaining capex) - Crescent Point will spend $17.94 cad per barrel (assuming their whole budget is sustaining capex) - Meg is $9.75 cad per barrel - BNK is spending 9.89 cad per barrel (if 2015 exit production is 18,000 barrels) Based

[himmler]

That would depend on how you reached those numbers.Last year I recall some talking heads on BNN say that SU needs only $30bbl to break even..people forget to include its refining capabilities.I can believe that as its still the only oilco actively and openly pursuing aquisitions.The point is the market is so convoluted that not much makes sense anymore.E.g.. last week the world was coming to an

[wallop13]

That's true. I think Steve Williams said $40 a barrel would be what they needed to make a profit if you include down stream operations. But I don't think that will effect the declines we will now see market wide. I personally feel Suncor is making acquisitions because of their share price. Suncor is trading at about 3x BNK per flowing barrel. I'm actually sitting here wondering how