Notes from the presentationI guess I am buying more next week.
Building Momentum •
Significant Growth – Production 45% and Adjusted Funds Flow1 260% from 2020 to 2022 • Excellent Value – Net Asset Value – $9.66 - $15.43/share2 •
Q1 2021 Adjusted Funds Flow – 22% ahead of consensus •
Improved Netbacks – Cash costs per boe down 11% in Q1 2021 (operating, transportation, G&A and interest) •
World Class Montney Resource – >264,000 net acres3 •
Robust Liquidity Profile – 38% drawn on $150 million line of credit in Q1 2021 •
Strong ESG Commitment – Building a sustainable business •
Shareholder and Bondholder Alignment – 13 of top 20 shareholders are insiders (65%)4 I