EXPM:JNEXF - Post by User
Post by
xCF033on Feb 04, 2021 9:41am
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Post# 32469109
Leverage to higher oil prices, CF sensitivity?
Leverage to higher oil prices, CF sensitivity?CUDA was trading at 50c a year ago pre-pandemic. Has not moved... yet?
Since then, they renegotaited their debt and actually received addiitional cash. Clearly lenders love this thing otherwise it would have gone Chap 11/ CCAA. They must see something in the asset to give more $ to the Co.
Gas flood is working according to mgmt which means more production (production is actually inclining instead of declining like frac plays) and higher CF. Using some other floods as a comp (didn't Spartan 2.0 not SDE, have a flood that ran for decades?). Now have more money to optimize operations into higher WTI prices.
Need a little help... I am looking for leverage to higher energy prices. Seems like a no-brainer but has anyone run what CF looks like at $55/WTI, $65?, $75?