RE:RE:RE:RE:Been in a yearI agree Q1 will not be good. I also was thinking more along the lines of 80WTI. But even at 77 which I qouted BTE would likely generate nearly 700M FCF for the full year which is a pretty big jump from 500M. I also like to look at the bigger picture and not focus in on1 Q capex compared to the whole year.
1234bmth wrote: Making $290M FCF in Q4 2023 doesn't mean BTE will generate almost the same each Q of the year even assuming oil price stays the same because the capex allocation is not equal for each Q, 2023 and 2024 guidance clearly says that more capex will be allocated for Q1 and Q3, so assuming oil price remains unchanged Q1 and Q3 FCF will be significantly lower than Q2 and Q4, same was for 2023. 2024 guidance is very clear at $75 WTI FCF will be $575M which Q2 and Q4 will have higher FCF than Q1 and Q3, therefore don't expect strong FCF for Q1 2024 unless oil jumps above $100 tomorrow and holds till end of March.