RE:RE:RE:RE:RE:Amazing value
I agree. The reason this was so under loved was the debt, costs and gas exposure. Other years a deadly combination. This year AECO 3.10$ average vs 2$ other years (6.60$/boe) + WTI 60$ US ytd average. Long story short because the 18.5$/bbl costs for the gas below 3$ looses $ @ 1:6 boe. So then only oil can pay capex then your looking at close to 60$/ bbl (cad) to break even. With debt scary .... unless your calling for 80+ USD oil. The FCF per bbl is massive because it goes from 2% FCF to 62% with 20$/bbl cad (just figurative haven't don't the specific %) ... but ya in a high and rising market this is cheap!!! Under 50WTI and 2.75 aeco is worrisome