Ath Could Generate $500M Cash Flow -- $355M FCF in 20231. As momentum on pricing for crude oil increases into the spring and fall it will increase ATH Cash Flow.
2. Cash Outlays not including operational costs in 2023 include capex and interest on debt and not much more.
3. As predicted many factors will support WCS price starting from January 2023 and to date. Predictions by industry operators are saying 10 to 12 dollars is expected by September.
What does it mean for the balance sheet and the business.
1. More cash on hand.
2. Less shares outstanding.
3. Warrants may be fully exercised
4. Debt could be repaid further.
What does it mean for the share price.
$4,50 t0 $5.00 is supported with the points above.
There will be some downs too as interest rate decisions always create fear and China saying only 5% on an 18BLN GDP Economy isn't enough. Imagine.
At this level of WCS ATH is generating 1M CAD a day unhedged or thereabouts.
This year we get paid further.
God bless all people involved in energy as a basic need for humanity.
ML