Bullboard - Stock Discussion Forum FLINT Corp T.FLNT

Alternate Symbol(s): NWPIF

FLINT Corp. is an integrated provider of upstream, midstream, and downstream production services. The Company’s segment includes Maintenance and Construction Services and Wear Technology Overlay Services. The Maintenance and Construction Services segment is a fully integrated provider of maintenance and construction services to the energy and industrial markets. It provides maintenance services... see more

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FLINT Corp > Oil companies started to raise it capital budgets..

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Post by JTDOUBLE on May 14, 2021 12:07am

Oil companies started to raise it capital budgets..

With oil above 60 you see a lot of these oil companies raise their capital maintenance and drilling budgets..

IE .. Surge energy one of the examples.. thus the thesis for more contracts coming to Csm ..

The Company's preliminary 2022 capital expenditure budget will continue to focus on production maintenance and free cash flow generation. Surge anticipates generating approximately $160 million ($0.42 per share²) in adjusted funds flow³ in 2022 at current oil prices of approximately US$65 WTI per barrel. With its low decline, shallow, large OOIP, conventional asset base, the Company is budgeting $83 million for its 2022 exploration & development capital program, maintaining production at 16,500 boepd (85% liquids).

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