RE:Nuttall is making things up when he talks about 20% free It lies, damn lies, and statistics. You need to look at the base assumptions going into the cash flow assumptions. Looking just at WCS discount, MEG's presentation uses $23USD discount, it is currently around $15. If Eric used $15, the change per MEG's sensitivity analysis is a $360M increase in FCF. Other assumptions such as gulf coast discount, exchange rate are also better now than MEG's assumptions.
You need to do due diligence and see what makes up things. You can do your own modeling using whatever you think is appropriate. Eric is a data point, and he provides good info and insight. He is not the only person you should listen to and his assumptions often are on the positive end of things. As for MEG's assumptions I want them to use conservative numbers, if things go right they beat guidance, if some things go wrong they can still meet it.
drunk@noon wrote: cashflow yeild at 70 wti. Company's latest presentation has them down for 700 mill free cashfllow at *80 dollar Wti. That's 12.5 %,. Dude's a shameful shame and BNN has him as a market call guest every 4 weeks.