RE:RE:5 quarters at low to mid 80s wtiBTE is not gonna generate $1.6B FCF per year at $84 oil because the capex for Q4 is estimated relatively low ($222), this is not the case for every Q look at Q3 capex is $409M, so if we take the average capex of Q3 and Q4 it will be $315M, therefore the average FCF would be $279M/Q, but Q4 production guidance is higher than Q4. In this case the average FCF at $84 oil woul be around $300M ($1.2B per year). This is an estimate, the actual number may be a bit more or less. Overall the report is not great, but it is fair. Let's see what the market reaction will be.
Yeah 1.2 billion in FCF is just horrible. You should probably sell your shares.
Why would somone even invest in this company?