RE:Question to ChrisWho knows, probably 50-70 cent range would be conservative.
Operating breakeven for 2021 assuming wcs differential of 12.50 is 45 WTI. According to their latest presentation
The company isn't exactly going to be rolling in cash at 52 WTI, but atleast its not losing money, running the business.
Even when they bought the Statoil/Equinor assets, if you read the old news releases, they were really banking on 60+ WTI in order to make things work. Things have definitely not been easy for the company since buying the equinor assets, first you had the heavy oil differentials blowing out in 2018 (i guess 2019 was a fairly mundane year), and in 2020 we had the covid situation.
Kicking the debt down the road for several years, would definitely be a positive. Buy them some time to generate some FCF to deleverage and hopefully do other things once debt becomes more manageable, like share buybacks.
lovehockey wrote: Hypothetically speaking. If the debt was rolled over today with 7% interest and the current WTI price of $52 where do you think ATH would be trading today?