RE:RE:What will VII's CFlow Be at $65 Condy ($WTI)If you're close on the CF of $493M, that would be a killer Q4.
Capex Q1-3 cumul. was 1,503m and budget is 1,675 to 1,775m
that would leave between 224m and 324m FCF
if they make even the low end of this range in FREE cash flow, I doubt the market would ignore them much longer after that...perfect timing on the NCIB - I'm guessing if we go lower, they'll put the FCF to work, as it would only make sense
time will tell, but I think i'm keeping most, if not all of my shares at these levels - depends on how WTI acts today and Monday; WTI is still a risk even at $60 and condi may not bounce back as quick as we expect if WCS recovery is slow, but risk/reward favors longs at these levels, I think. If anything, it may be time to accumulate if we see more downward pressure..
IMO