Intelligent Qurestion...Has anyone figured out....In our to do a blunt assessment of these cardium public players, I think one needs to guessimate what is the minumum production needed to have CF equal capex...in a softer commodity envrio. ie these are production levels a company could drop rigs and ride it out.
I also considering debt level.
Obe I would day 30k boe
YGR i would say 10k boe
In a 67 usd wti and lets say an average of 2.50 NG...I think YGR FCF's at 12k boe at a decent rate but at 10kboe i think cf would just match capex.
YGR actually has lots of room to be slow in getting back to work. Same with OBE. OBE could even be 28k,
Not sure on BNE to even guess. I wanna say 12k but it could be 13k.
I do think if any companies in cardium lower capex due to commodity prices it may actually kill stock price abit more. IF we see another leg down in these stocks it wiill be on thid fear,