RE:FCF of 60 millions and going up..
I am a GXE shareholder and do not mean to rain on anyone's parade. However, there a "fly in the ointment".
Cash flow and dividend projections supplied in the May 4th release are based on:
"WCS differential of US$13 per barrel, "
Currently the differential is above US$21 and has been growing for the last four or five weeks.
While that specific problem may be temporary and does not apply to many other junior Canadian producers, one should expect it will somewhat negatively affect our Q2 results.
Patience will be rewarded.