RE:RE:RE:RE:At today's oil priceI thought the markets were "forward looking"???
You are trying to tear other people down to vent your frustration over losses. You know you messed up. Too bad you do not have the maturity to just deal with it. When you grow up, you focus inward, correct mistakes and grow. Until then I guess you will keep hurling insults at internet strangers who probably dont care.
masfortuna wrote: navajojoe wrote: masfortuna wrote: navajojoe wrote: they aren't making enough to pay the dividend.
Hopefully something changes.
Are your math skills that bad? And why would you want anybody to know how bad they are? Read the presentations and you will see at what point they break even with oil pricing. Or is reading also difficult for you?
Maybe you should look at the presentation before exposing your utter stupidity for all to see?
The presentation says they would have only $8 million of free cash flow with $70 WTI and a WCS discount of $18, for a net price of $52.
Well, WTI is $74 and the discount is about $28, for a net of $46, so there is no free cash flow to pay ANY dividend.
The company says themselves: ". If WTI is at or above US$80/bbl, the dividend is forecast to be funded with free FFO. Prices below that, would necessitate a reduction in capital and/or the dividend.", and that is using a WCS discount $10 less than what it is.
So unless you are as utterly stupid as you sound, the numbers don't lie.
Where are you getting $70??? Did you pull that number out of thin air? Do you know what the avg. price is so far this quarter? My numbers don't show anywhere near $70. In fact we are above $80 so far this quarter. So again you can't do basicmath even when you try.