RE:RE:Who has a handle on Q1 earnings. Good evening Red,
Based on the Q1 average WTI moving from $76 in Q4 to $80 in Q1..(a gain of $4/bbl) I have the following. Hopefully no one assume the price today is part of Q1. Today's price is April! Remember Q1 includes December when the Covid and SPR release dropped WTI into the high $60's. Some may have forgotten this....regardless still better than Q4!
Anyhow this is what I have for Q1 (I try to be more conservative on the netback)
My guess/assumption (driven by an estimate on production)
BOE/D $82,000
Rev $595M
Operating Netback $345M
AFF $235M
FCF $155M (note this can be impacted by additional capex?)
Debt Target $1.27B
Again just a guess...the question will be production for me. Of course Q2 WTI average is much higher with the Ukraine situation.
red2000 wrote: Here is one base on avg. WTI per month. 81,500 boe/d !
Revenues : 590M$ to 600M$
Net Back 61% : 590M$ X 61% = 360M$
Ajust Fund Flow (AFF) : 250M$
Free CashFlow (FCF) : 160M$ to 170M$
Increase a bit those numbers if Clearwater added 3,000 boe/d or more !
Let's see what BayStreetWolf has to say ! :)