Cenovus Energy Inc T.CVE

Am I Reading This Correctly

[Fuzman5902]

Just took a look @ the Corporate presentation again pg 18 Price assumptions & AFF sensitivities 

For every $ change in WTI from $ 46.50 AFF is 250 Million (which I assume is fcf I )

If wti stay's in the 70 range for the rest of the year  I see an extra 1.468 B in fcf for Q3 & Q4

Am i Correct.

Regard Fuz

[RagingBull3]

Here's a link to the corporate guidance, which had many variables, WTI, differentials, exchange rates, natural gas....etc.  Yes, it seems it says for every $ up in WTI that's +250M in AFF, what ever AFF is. https://www.cenovus.com/invest/docs/2021/corporate-guidance.pdf   All just my opinion/view/thinking/understanding quote=Fuzman5902]Just took a look @ the Corporate

[Fuzman5902]

Thanks for the link although it's exactly the same as the corporate presentation. I realize some of the changes in senstivity will be in a negative direction but are negligible. I have no idea what the Chicago Crack Spreads are but did find something about spreads in the $ 22 range   Is that an extra 500 Million in fcf per Quater????? Looking Forward. I was just trying to

[TopStockBuy]

Oil stocks and Cenovus especially are some of the most undervalued stocks out there.  The valuations make zero sense, nor do these analysts price targets.  Complete utter stupidity when you compare their other valuations on worthless companies that have never earned a dime.  We're basically at $70 WTI today.  With Free Cash Flow, Cenovus can pay off all their debt and buy

[JohnSP]

@Fuz, that's roughly my understanding: 1) Latest Presentation. 2) For every USD1 increase in WTI, AFF increases by CAD250mln/per year, for Q2, Q3, Q4 (slide 26). 3) Base price assumption is WTI = USD46.50 (bottom of Corporate Guidance table in Supplemental, 4th page from bottom of link above), which is crazy low. 4) ForEx assumption is 0.78 which will be a head wind as currently ~6