AvInvestor wrote: Looking back at their last presentation on page 8, their 2018 free cash flow scenario at 50$ wti is 20 mil. If we bump that up to 55$ wti (including the hedges) & assuming production of 2k boe, they will generate an additional 38 mil on top of the 20 mil of free CF. In summary, this company goes debt free in 4 years!
Unfortunately, the US is fcking Canadian oil producers by pushing the WCS/WTI discount up to a ridiculous $26.
Canada needs to get the TransMountain pipeline built, so we can sell our oil to someone else but those crooks.