60 dollar condensate and 6 dollar gas, do the numbersWith 60 dollar condensate and 6 dollar AECO gas using 56% liquids Karr and Wapiti would be generating over 54 dollars a boe unhedged.
If you use 11 dollars op cost, and 4 dollars processing and transportation, that takes their budgeted number 32-15 = 17 dollars a boe netback.
They are getting 22 dollars more then the 32 dollar budget number, that would generate 100 million in FCF yearly.
22*82500 = 1.8 million extra every day these prices hold.
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So just figure it out, the forecast was for 25 million FCF per quater, now in two weeks if these prices hold out they will add 25.2 million to that, a double of cash flow.
Amazing.
IMHO