RE:RE:WTI $112.72 NatGas $4.94=BTE $1.689B/yr AFF & $1.239B/yr FCFHi DD
Using the march presentation as a starting point Page 14
https://www.baytexenergy.com/files/pdf/corporate-handouts/2022/2022-03%20March%20Presentation.pdf 2022 FCF = $340
Note4:
Years two through five of the five-year plan (2022 to 2025) based on the following commodity price assumptions: WTI - US$65/bbl
If I just look at WTI
Starting point $340M @ $65 WTI
15.1M * (112.72-65) = $720M additional FCF
So just oil difference I am rough $1.1B FCF without F/X or Gas diff.
Is your FCF above or below $1B?
DoubleDown23 wrote:
BSW
Are you able to show your expected AFF and FCF compared to the $85 WTI chart on the March presentation ($600MM FCF) adjusted for price sensitivities including hedges of $15.1MM per $1 increase in WTI and $4.8MM increase for every $0.25 of NYMEX.
My quick calculations show adjusting the $600MM FCF at $85 WTI these gets us much less than your expected $1.24B/year.