RE: RE: $1.40 div is safe next year ... and for de
Management has been burned in the past for being overly optimistic on production results, so it is my belief they have estimated more conservatively for 2013 then we will experience. Also the next twelve months average oil price is over $90 /BO and the current differntial is $1 in excess of WTI. This is $5/BO higher WTI price than budgeted and $6 /BO greater differential than budgeted. If this holds the cash flow will be $.66/ share higher than budgeted based on price alone. Production upside adds more cash flow.