Post by
MLEWICKIMBA on Mar 27, 2024 12:27am
Current Daily Cash Flow Over BPDE Cost -- Record High!!!!
63,000 BPDE Production Lets Say.
$37.00 USD BPDE Break Even
Current WCS Heavy DIFF -- $68.50 USD
= $31.50 USD x 1.36 CAD = $42.84 CAD
63000 BPDE X $42.84 = $2,698,920 CAD EVERYDAY
Of course minus Income Tax, G&A Ecpenses, Carbon Tax, CAPEX, etc.
if we stay here the rest of year -- imagine.
ML
Comment by
robert41 on Mar 27, 2024 2:04am
We have barrels hedged how does that factor in to your numbers? Or does it? Thx
Comment by
MLEWICKIMBA on Mar 27, 2024 2:12am
I will check today but I think no effect at current prices. And not all hedged and less throughout the year. To me it looks like no stock premium for good decisions made by TVE!
Comment by
MLEWICKIMBA on Mar 27, 2024 2:42am
Oil Weighted Firm -- Heavy Oil element fo the business WTI Hedges -- Two Way Collars Q1 2024 -- 52% of Production $88.50 $68.50 Q2 2024 -- 54% $89.30 $69.10 Q3 2024 -- 52% $90.60 $68.40 Q4 2024 -- 42% $86.70 $67.30 Current Pricing is within the hedges. The remaining percentage of production that is unhedged gives additional upside if WTI goes to $90 and above.
Comment by
robert41 on Mar 27, 2024 10:27am
Thx for looking all good news let's hope oil hangs in around $80. Which seems to be the Saudi target.