RE:New Presentation UpThanks for pointing to the presentation. Unless I looked at the wrong place, I think they claim on slide 5 to generate $95 million FCF in 2022 if WTI would be US$50 for the last 5 months of the year. I don't know (but would be interested to know) how much FCF they generate for a full year of US$50 WTI (without hedges and without debt/interest costs).
I know CJ stated they could pay their 0.60 dividend up to US$55 WTI, and even at lower WTI after debt interest costs will be eliminated. Additionally, their share buy back program reduces the dividend pay out cost, and should therefore further lower this required WTI price.
PS: I own both stocks