moemoney:management using $75 dollars for 5 year outlookkilled us. SGY uses 83 dollars, and no one notices the diff if you use 75 or 83.
You use 75 and come up with 8% return of captial to shareholders over 5 year time frame, that's all people see. They don't see the use of 75. They don't like the 60% payout figure over such a time frame. They didn't have to put anything out. IF you do, then use 80 when wti is at 90. F the five year outlook, using a wti figure, 20$ lower cdn that what oil is trading at today. That's what they thought was smart. Oil is finally rebounding. How about no press release. Or use whatever realsitc price that gets us to a 20% free cashflow figure for next year. That's if you decide to do a press relase at all. Nutall is dumping, the xop dropping this week when oil price is flying, Oil is at 90 and management torpedo'd us.