VET Commodity Considerations
A production improvement for VET with gas prices in Canada, with AECO around $2 dollars they will be bringing on that shut in gas is my guess. (800 boe/day)
In Croatia the gas plant by design has a capacity of 15 MMcf or about 2500 boe/day and for most of last quarter operated at 1800 boe a day. (potential gain approx 700 boe/day)
In Australia Wandoo is back up and running, and in Q3 it average 2000 boe/day and now in Q4 it should be a lot better. (approx 2000 boe/day- guess)
There is also that 1700 boe of invisable production, that magicly appears every quarter when they buy back 3 million shares, that doesn't should up in the production numbers, but can clearly be seen in the improved metrics of FFO and FCF that improve just because of share buyback every quarter. (1700 boe/day impact)
With little in the way of major surprizes, VET performace has the potential to improve as much a 5000 boe/day in Q4, or performance metrics like FFO/share FCF/Share could improve by more than 5% quarter over quarter.
Amazing
IMHO
MHP