RE:Where is Waldo?OK CDNdollars, I'm enticed. The C$600 million excess cash flow guidance contained in their May 2019 presentation was based on a strip price of $60.21 as at May 3. The current strip is around $57 implying that free cash flow will not be as high as forecast if the currrent price of oil remains flat. The average forecast price for 2019 WTI is around $62 (30+ analysts). So free cash flow will probably come in around the guidance give or take C$100 million.
At the current strip price, C$850 million is not attainable.
There you have it, straight from the Oracle's mouth. I expect kudos is this actually plays out. Given the number of factors at work, I'm putting a 30% probability on my forecast.
You're welcome.