GREY:WFREF - Post by User
Post by
Sumcan2on Dec 04, 2014 7:07pm
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Post# 23197430
Cost per Barrell
Cost per Barrell
From Sept 30 2014, Management's Discussion and Analysis, page 15 and 16
Operating costs are expected to average $13.50/Boe for 2014
G and A expense expected to average $2.80/Boe
Depletion rate for 2014 $20.70/Boe. Costs accociated with the development of oil properties to replace depleted oil, which I assume is the CapEx. Is tha correct to assume?
From page 26, G&A is $3.92
Interst $2.36
Transortation costs $1.65
Royalties $6.05
When I use $3.92 instead of $2.80 for G&A the total cost per Boe comes out to $48.18
I estimate that the cost of the dividend is an additional $5.86 so total is now $54.04
I would like them to come out and say they are going to suspend the dividend till prices go back to say $75/Barrell and build a cash balance of 10% of their net debt. for a cushion.
The CEO William Andrew has 417000 shares and a director John Brussa holds 839,841
Now do they sell at WTI or WCS?
I welcome any comments