Blue Skying Q1-14Assuming production keeps up in Feb and Mar, here is how the quarter could look.
Production: 10.1 M bbls
SCO average Price $100. (January 14 average $105.44/bbl, current $108/bbl)
Revenue $1.0B
Capex $300M, i.e. 62¢/shr (Conservative capex, $250M possibly more realistic)
Divy 35¢/shr
Total 97¢/shr
Cash Flow: $437.8M, i.e. 90¢/shr
Cash burn $35M @ 7¢/shr
At this rate, cash burn may only be $200M, after allowing for the coker turn around later in the year.
Namsoc