TSX:HSE.PR.B - Post by User
Post by
autofocus111on Mar 23, 2020 1:53pm
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Post# 30838435
vanishing crack spread
vanishing crack spreadNow quoted at 5 and change. HSE 2020 giudance assumed $18. Cash flow sensitivity is -100M per dollar drop. That is a -1.3B drop in cash flow if it stays down there. Guidance for WTI was 55 and sensitivity there is also -100M per dollar drop. That's a -3.0B drop at 25. FX shift brings a +0.5B increase at .70 vs .75 assumption. 2020 FFO was forecasted at +3.8B. WIth these adjustments as they now stand they are looking at FFO of ZERO. No money for sustaining capex. No money for growth capex. No money for a dividend. Unreal.
https://www.energystockchannel.com/3-2-1-crack-spread/