Analysts for BMO New target $14.14Numbers are pretty much exactly what I expected for Q4. All hedges gone now. That’s awesome !!! Now for Guidance. Anything above $90 oil is spitting out 20 Mil+ a month in FCF according to the presentation. WTI has average a little over $90 so far in Q1 by my rough math. So a bit confusing to me how Net Bank goes from 165 (end of Q4 ) to 140 (end of Q1). I suspect capital budget is front end loaded but can't tell . Really think its time for CJ to Flash the current quarter with more detail. Providing annual capital budget numbers for an almost 1 Billion dollar valuation company doesn’t cut it anymore.
I want to see 95% of FCF going to the Bank. But only seeing Net bank dept flashed to go down 25M for Q1 leaves me a little less warm and fuzzy than i want to be. Yes we will see the Divi soon enough, i have no doupt. But show us more detail on that FCF dam it. My 70k votes on Corporate compensation depend on it. Days like yesterday and today suck. But the world is a messed up place these days. Fundamentals should eventually take control again. ( or we all dead and our money is no good anyway) ;-0