Current price @ $8.47For those of you who follow Shubham Garg at White Tundra Investments, here are his price targets which calculate fair share prices 12 months out at different levels of WTI/AECO pricing scenarios. The PTs are based on an 8x FCF model.
Calculations were done based on the following figures, as of March 13th...
WTI... $95.72 USD/bbl
WCS... $82.72 USD/bbl
AECO... $4.51 CAD/GJ
TTF... $41.50 CADmmBTU
2022 FCF/EV... Yield at Strip... Actual % = 24.9
2022 FCF/EV... Yield at Strip... Unhedged = 32.5
WTI/AECO @ $70/$3.50 --- TP @ $9.69
WTI/AECO @ $80/$4.00 --- TP @ $14.59
WTI/AECO @ $90/$4.25 --- TP @ $19.32
WTI/AECO @ $100/$4.50 --- TP @ $24.05
WTI/AECO @ $110/$4.75 --- TP @ $28.77
WTI/AECO @ $120/$5.00 --- TP @ $33.50