Post by
BayStreetWolfTO on Jul 05, 2021 1:26pm
Check out FCF $76 = Liquid gold 1/2 billion+
Summary and details below. For perspective (including factoring hedges!)
Scenario #1 (current price) = $520m FCF $0.92 per share FCF
Scenario #2 (I.e. $80 WTI current price + $5) = $590m FCF $1.04 per share FCF
Scenario #3 (I.e. $100 WTI current price + $25) = $910m FCF $1.61 per share FCF
Not including increased production through 2021 or 2022...on top of better 2022 hedges!
Feel free to double check my math based on current prices including hedges
BTE presentation
>$250m 2021
Assumptions
WTI $60
WCS $48
NYMEX - $2.80
FX - $0.80
If you annualized current prices take original $250m and add
WTI $76 (add $208m)
WCS $61 (add $42m)
NYMEX - $3.70 (add $ 15m)
FX - $0.82 (add $10m)
Total annualized at these prices $520m
If you annualized say near $80 current prices take original $250m and add
WTI $80 (add $260m)
WCS $65 (add $54m)
NYMEX - $3.30 (add $ 10m)
FX - $0.83 (add $15m)
Total annualized at these prices $590m
If you annualized say near $100 current prices take original $250m and add
WTI $100 (add $520m)
WCS $85 (add $118m)
NYMEX - $3.30 (add $ 10m)
FX - $0.83 (add $15m)
Total annualized at these prices $910m
Comment by
Investnowplease on Jul 05, 2021 2:37pm
Agree. That takes debt to cash down to 1-2.5. Very manageable