RE:RE:RE:RE:$29.50/b NETBACK with $52 WTIIf you look at the financial statements you will see that there was an increase to "Depletion, depreciation, amortization and impairment [Note 7]" from $20M in 2016 to $733M in 2017. This is purely an accounting charge - has nothing to do with cash or operating performance. Without this non-cash adjustment WCP looks like it would have had net income of about $575M, or $1.50/share for 2017 compared to $0.50/share for 2016.
So the results are very strong and they are guiding towards an even stronger 2018.