RE:Frontera GuyanaThanks kcac1. I'm gonna try to use AI on google. I don't have Bing. It would really speed up research. Like how companies define free cash flow (fcf) seems to vary wildly from company to company. Also it also depends on which accounting system they use. In GAAP based systems fcf is defined differently from resource based accounting systems I learned. Also in the subset of oil&gas producers each company defines it differently. Buried deep in Baytex's (bte) financial statement is their unique definition of fcf.
We're not comparing apples to apples when everybody seems to have their own definition of what an apple is yet I read posts making sp projections bssed on some correlation between fcf and oil prices. It would be great to enter " what is bte's definition of fcf and how does it differ, if at all, from fec's definition?"
Also a question "which regulating entity confirms the production volumes as reported by oil & gas companies in their financial statements. The reason I ask because I'm looking at new stratus energy (nse on the Toronto venture exchange) currently operating in Venezuela reporting rapidly growing production rates but their sp is stagnant. Somebody is taking delivery of that oil. Does that somebody have to report to a regulating body in order to confirm what nse says that they delivered? I think that AI is gonna keep a lot of companies very honest.