RE:RE:From Brian Ector today ........dllscwbysfn wrote: Well this might be a little misleading when Brian says they generated no FCF in Q1 last year. If I remember correctly they ran at a loss of about 70M last year in Q1. So WTI prices will need to increase considerably to be equal to last year's Q1 in order to maintain a similar small loss. Also the company has already announced that production will be down in Q1 by about 2000/boe and now they have also sold off another 2000 boe/day production.
So my take for the next 2 earnings
Q4 Debt goes up considerably due to FX
Q1 Production down by 4000/boe/day and WTI down compared to last year.
I still think there is a lot of potential for this company but they need a sustained 80plus wti to make a great run up.
Do you recall the one time costs that helped bring Q1/24 into a small negative?