RE:RE:RE:Q3Thanks to John and Hendrick3 for sharing. I like seeing other people's numbers to see if I am in the ball park and I basically am.
I have 77 cents for Q3....with a higher probabilty to be 75 cents then 80 if I was getting exact. Reason i say this is because obe has had so much incentive due to high commodity prices to reactivate or recomplete as many wells as they can. Usually increase this during high prices as the well sunk cost is gone in those old wells. Get more old ones up and running better if oil stays likes this. But they may have pushed reclaimation capex abit from Q3 into Q4 and this would offset that some what.
The market should like it at those numbers. It's really good numbers.
Q4 will hinge alittle bit on how the new wells being tied in produce at. Q4 is going to be excellent no matter what for OBE with these prices but some nice wells hits can boost things alittle to upside for Q4 cf.. Netbacks are the best at the start of a new wells life.
From Stephen on down to all of us shareholders...we all have a vested interest in getting a divy going as soon as possible.
Been a nice week for OBE. Shown great support at 4.70-4.75...even when oil was dropping some of these days this week.
A few weeks ago we sink to 4.60 on any excuse to drop.
Spot Aeco was 5.75 a gigajoule so converted should be close to 6 bucks today.....
Really excited for OBE's future days ahead
Hendrick3 wrote: Your new numbers are more in line with what I thought. I was thinking 75 cents cash flow and $425 debt. I any event 4q is shaping up to be slightly over $1 cash flow and as you say could be as low as $350 by year end. I suspect any dividend plans will be announced in 2q 2022 as part of the AGM. Appreciate your well written analysis.