Jeff 5 year plan view on Jan 20 2021 and Jan 19 2022Numbers are much better today than what was planed exactely on year ago
in Jeff 5 years plan on:
.....................................January 19 2022 .............Jan20 2021
On commodity price for 2022
Average WTI price...............$ 76 US $ 50 US
Average AECO SA price $ 3,50 per gigajoule $ 2,50
Average Dawn....................$ 3,90 US BTU $ 2,75 US
Average NYMEX $ 4,00 US $ 2,80 US
At year end 2022
On debt ($175 M/$ 195 ) ( $ 490 )
-Price estimated last year on the 5 year plan was totally underestimate
-Exceptional debt reduction at year end
It show that the forecast commodity price for 2022 make a big difference and at the time of Jeff projections last year for the 5 year plan were completely wrong.
So what is going to happen during 2022 and will the projected price be what Jeff is announcing today.
This why the share price has surge from $ 2,00 to the actual level.
So as long as the commodity price is strong share price will stay strong but
this time it look like the projected price will stand.