RE:CJ only beats peers on down daysThis stock will bounde around where it is until wti goes higher. Have you read their corporate presentations? They lay out how they are using funds and the wti figure that the budget is based on. That wti number is 80. Wti has been running below 80 all year. That's bad. WCS on the other handchas really narrowed the spread and has been running well above any cdn oil company predictions I've seen. That's good. Great actually. Wild fires. Bad.
The bottom line is the company has 2023 firm spending commitments for the dividend, capex and aro and in this price environment it can barely meet the commitments.