RE:RE:RE:RE:THX to all those that made......
From SU May 8, 2023
CORPORATE GUIDANCE:
2023 Full Year Outlook
May 8, 2023
Fort Hills (bbls/d) Suncor
working interest of 68.76% (4)
85,000 - 95,000
4) Fort Hills production includes Suncor's incremental 14.65% share of Fort Hills production that is held by an affiliate it acquired from Teck Resources Limited on February 2, 2023.
FH @ 100% WI:
123,618 - 138,162
- so with a BOP of 123,000 - 138,000 bbls/d, it should be a NO BRAINER that Fort Hills will be generating SUBSTANTIAL FREE CASHFLOW with the MINE IMPROVEMENT PLAN at WCS prices of USD 66 /bbl.
2023 Full Year Outlook
May 8, 2023
Fort Hills Cash
Operating Costs
($/bbl) (11)(13)
$33.00 - $36.00 {$ Canadian}
11) Fort Hills cash operating costs per barrel are based on the following assumptions: production volumes and average natural gas prices as
described in the tables above.
13) Oil Sands operations cash operating costs, Fort Hills cash operating costs and Syncrude cash operating costs are non-GAAP financial measures. Non-GAAP financial measures are not prescribed by GAAP and therefore do not have any standardized meaning. Users are cautioned that these measures may not be fully comparable to one another or to similar information calculated by other entities due to differing operations. For more information, see the Cash Operating Costs and Non-GAAP Financial Measures Advisory sections of the MD&A. Both sections are incorporated by reference herein.
Fort Hills Crown
Royalties (14)
4% - 6%
Business Environment (15)
WCS, Hardisty ($US/bbl)
$ 61.00 [USD}
Natural Gas Price
- AECO - C Spot
($CAD/GJ)
$2.50 {$ Canadian}
Exchange Rate
(CADUSD)
$ 0.76
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