RE:Minimal free cash flow"With the stock trading in line with peers on strip pricing at 4.1 times 2020 estimated EV/DACF"
This explains why people seem to continually lose money on these CDN producers. 4.1 times EV/DACF seems reasonable until you realize how much cash flow it takes to keep flat this production. This isn't your usual business, and it's even your usual oil company. These Cardium reserves are a real piece of work.