RE: RE: RE: Q4 results Leg's growth this year is like 95% funded by cashflow and it will only improve. Legacy is different then others as their production is underpinned by the Turner Valley asset which has minimal declines. Also as they get more and more horizontal producers past the two year point the declines shrink massively and decline becomes less of an issue. Add in some waterfloods and at a point fairly soon 10-15% growth per year from cashflow is easily doable. CNQ and SU have crazy operational risks. CNQ has had how many problems with Horizon now in the past two years? Also Suncor has had serious international problems. Size brings more operational risks. Also in companies that size how do you move the production growth needle up? Takes a bunch of your free cashflow.
Fearless Forecast of the Day- Legacy buys Fairborne's Manitoba division as there one acquistion of the year, or one of two if they put BWD out of its misery. Haha.