RE:RE:RE:RE:Spreadsheet model using $50 WTI average for 2020 35% FCF Another thing about that maintence capex ..the analyst contradicted himself!! Lets do the math.. Ok first he says that WCP is adding bbls at $25,000 per flowing. So that is your replacement cost. He also said "about a 19% decline rate" and a 74,000 bbl average next year..
74,000*.19=14,000 bbls to be replaced. 14,000*25,000 per flowing = $350 milllion maintence capex.
But he put in his model $450 million maintenance capex. These banksters are working against us. His model is completely flawed. But even so he has a $6.75 price target, a near 100% increase from these levels! and the stock still drops, with oil up a buck? Like I said to turn this around we will need something big like priviate equity buyouts...