RE:Red Flag
You’re a little late for a red alert.
Year end 2015 or more recently mid August were more obvious.
Time to keep an eye on April prices, presently at $ 2 above the present March price.
April kicks in next week.
As for your analysis, at least you’re using guidance numbers and not what some reporter spewed off.
A few points you missed.
* We are NOT high grading wells drilled.
* as for decline ... we seem to be ticking alang at approx. 6.5% per quarter.
* It appears Q4 cap-x plus dividends were within cash flow in spite of spending more, $100 million more than guidance for a pile more new wells than anticipated.
quote .. “ Crescent Point retains a significant amount of liquidity with an estimated $1.4 billion of unutilized bank credit capacity at the end of 2015 “
The same as Q3 ,,,,,