2014 Revised Guidance Funds Flow up 7% Question....isn't looking forward the important thing to be doing rather than the old news of month's ago? Looking below at LTS 2014 revised guidance Funds Flow from operations & per share has been revised upwards of 7%, isn't this good news? Even though revised production is going down our funds flow is actually going up!! Been in LTS for years now, my DCA is $8. I feel LTS will be there again eventually but in the mean time I just sit back and collect the dividend. Your thoughts & opinions are welcome.
2014 Guidance
REVISED GUIDANCE ORIGINAL GUIDANCE Average Production (boe/d) 43,500 - 45,500 45,000 - 47,000 Exit Production (boe/d) 45,000 - 47,000 46,000 - 48,000 Oil and Liquids Weighting unchanged 80% Funds Flow(1) Funds Flow from Operations ('000) $635,000 - $665,000 $595,000 - $620,000 Funds Flow per share(2) $3.19 - $3.34 $2.99 - $3.12 Dividends per share unchanged $0.48 Capital Expenditures(3) Drill, Complete, Equip and Tie- in ('000) unchanged $350,000 - $370,000 Facilities, Workovers and Optimizations ('000) unchanged $120,000 - $140,000 Land, Seismic and Other ('000) unchanged $55,000 - $65,000 Total Capital Expenditures ('000) unchanged $525,000 - $575,000 (1) Commodity price assumptions include WTI US$95.00/bbl, AECO CDN$4.00/Mcf, foreign exchange rate of US$/CDN$ 0.90, and corporate oil differential of 10%. (2) Funds flow per share calculation based on 199 million shares outstanding for 2014. (3) Projected capital expenditures exclude acquisitions, which are evaluated separately.