$37.00 Break EvenHere is the reality right now.
$37.00 X 63,000 BPDE = $2,331,000 x 365 Annualized = $850,815,000 x 1.36 CAD =
$1,157, 108, 400 CAD in Sales at $37.00 USD Break Even per barrel equivalent
At current hedging and current WCS of $71.42 USD
$71.42 - $37.00 = $34.42 USD x 1.36 = $46.81 CAD
$46.81 CAD x 63000 BPDE = $2,949,105.60 CAD
x 365 Annualized = $1,076, 423, 544 CAD in CASH
CASH for CAPEX, TAXES, ROYALTIES, EXPENSES, ETC.
A LOT OF CASH FOR CHIPPING AWAY AT ALL OF THE METRICS
1. Dividend
2. Debt Repayment Chissling
3. Share Buybacks -- Acceleration
LET THIS UNFOLD and WE ARE GOLDEN
ML