RE:RE:Tax bill for Suncor
Gear at this point is extremely overvalued compared to Ath and will enter the dump phase of the pump soon enough. FCF for gear at 85 wti is about 60 million. So a FCF yield of 15% and 10 year inventory. Ath is a FCF yield of over 50 percent at 85 wti once hedges roll off in 2023. If oil remains over 70 at year end it would be crazy if gear has a SP above ath.