stockfy wrote: PPR has made its 2019 cash flow estimates based on low WTI, WCS and AECO prices.
But WTI has been higher than US$56.90, WCS has been much higher than CAD$52, AECO has been much higher than CAD$1.90 since January 2019 and the trend is up for the remainder of 2019.
So PPR will generate more free cash flow than C$5 million while we are waiting for a significant cash injection from NAFTA that could reduce debt in half:
2019 BUDGET AND GUIDANCE SUMMARY
Average daily production 6,100 – 6,500 boe/d
2019 exit production 6,650 boe/d
Liquids weighting 69%
Capital expenditures $14.2 million
Development capital $12.3 million
Operating expenses $18.70 – $19.95/boe
Assumptions:
WTI (US$/bbl) $56.90
CAD WTI (C$/bbl) $75.00
WCS (C$/bbl) $52.60
Edmonton Light Diff (C$/bbl) $(6.80)
WCS Diff (C$/bbl) $(22.30)
AECO gas (C$/GJ) $1.90