RE:RE:ouchNot sure it's as good as you think check out their updat guidance. So now they are estimate spending more with less FCF and estimating it at 79 WTI where previous update was at 75. So prices were higher than 75 in Q3 and now prices lower than the 79 estimated. Also a little lower production estimated. The stock sold off the last couple of days like most but pretty dramatic for CR. So check the revised guidance and then see what you think.
Previous 2023 Guidance
and AssumptionsUpdated 2023 Guidance
and Assumptions9Net capital expenditures4 ($Millions)190-210220-230Annual average production1 (boe/d)30,000–32,00030,000–31,000Adjusted funds flow2 ($Millions)240-260240-260Free adjusted funds flow4 ($Millions)30-7010-40EBITDA4 ($Millions)250-270250-270Oil price (WTI)($US per bbl)75.0079.00Natural gas price (NYMEX) ($US per mmbtu)3.202.75Natural gas price (AECO 5A) ($C per mcf)2.852.75Natural gas price (Crew est. wellhead) ($C per mcf)3.302.95Foreign exchange ($US/$CAD)0.740.74Royalties9–11%9–11%Net operating costs4 ($ per boe)4.50–5.004.50–5.00Net transportation costs4 ($ per boe)3.50–4.003.50–4.00G&A ($ per boe)1.00–1.201.00–1.20Effective interest rate on long-term debt6.5–7.5%6.5–7.5%