KPIsKEY Highlights · Estimated cashflow $335M and $160M of FCF before dividends.
· 87% levered to oil best company in the mid-tier group to benefit from tightening supply for both light and WCS pricing and higher oil prices.
· Sensitivity – Every $1 change to WTI adds $8.7M in cashflow therefore at $90 WTI cashflow increases to ~$420M
· Next dividend increase will likely be implemented when they meet their next debt target likely Q4 2023. (Paying down $100M debt 2023)
