RE:RE:RE:RE:RE:RE:RE:Free cash flow over 50% in 2022Hard to say which numbers are more realistic, since the Crude prices as you state are in severe backwardation and more importantly the Euro gas price has very high volatility.
Nevertheless, it strikes me that we will have probably a better fcf than CNQ at one third of the share price. I am also guessing that the reserves value to share price will be equal or better than for CNQ.
The reason is a higher quality product slate and the much lower share price .
Of course , as I stated earlier a true comparison would be much more detailed. But just the same I have more money riding on VET than on other oily stocks. I seriously doubt that anyone invested in Canadian petroleum stocks is going to be disappointed for quite a long time !!