Post by
ztransforms173 on May 03, 2023 1:33pm
Chistina Lake Turnaround Dipping Q2/2023 BOP By 22K+ bbls/d
- Q2/2023 BOP should come in the 84,000-86,000 bbls/d range (?)
- Chistina Lake turnaround will reduce annual BOP by 6,000 bbls/d
- should be completed by the end of June 2023 (usually 31 to 35 days offline on Phase 1 and 2)
- CEO stated that inflation is running at 20% in field services (sustaining capital) and shortage of qualified labor is a possibility (means more time and expense to do same job)
- royalty post payout will occur in Q2/2023 which will dramatically increase the royalty rates and payments (Province of Alberta will be very happy)
- CFO gave Q2/2024 (?) as the 100% return to shareholders given the CC strip pricing
- how fast can they pay off the USD 420 million Notes to trigger 100% return to shareholders from the present 50% ?
z173
Comment by
Fuzman5902 on May 08, 2023 3:35pm
Historically the Turnaround starts in late April to end of May. D/E stated in the CC that the turnaround has already started 1:50 mark in the CC As long as there are no electrical surprises again BOP could come in a little lighter than 84-86. Regards Fuz