Post by
zack50 on Mar 19, 2022 6:08pm
Current price @ $8.47
For those of you who follow Shubham Garg at White Tundra Investments, here are his price targets which calculate fair share prices 12 months out at different levels of WTI/AECO pricing scenarios. The PTs are based on an 8x FCF model.
Calculations were done based on the following figures, as of March 13th...
WTI... $95.72 USD/bbl
WCS... $82.72 USD/bbl
AECO... $4.51 CAD/GJ
TTF... $41.50 CADmmBTU
2022 FCF/EV... Yield at Strip... Actual % = 24.9
2022 FCF/EV... Yield at Strip... Unhedged = 32.5
WTI/AECO @ $70/$3.50 --- TP @ $9.69
WTI/AECO @ $80/$4.00 --- TP @ $14.59
WTI/AECO @ $90/$4.25 --- TP @ $19.32
WTI/AECO @ $100/$4.50 --- TP @ $24.05
WTI/AECO @ $110/$4.75 --- TP @ $28.77
WTI/AECO @ $120/$5.00 --- TP @ $33.50
Comment by
steve957 on Mar 19, 2022 6:13pm
that sounds about right to me, soon the market will too
Comment by
GABY51 on Mar 19, 2022 9:28pm
20 $ en decembre esce trop optimiste
Comment by
zack50 on Mar 20, 2022 10:23am
If oil remains @ $90 or >, between now and December... then with the FCF, $20 is quite possible... sure would be nice! And of course, as red2000 said, we have the dividend to look forward to as well... or in lieu of that, additional debt paydown or share buyback... that should help give the stock a boost. With the higher oil prices, things are finally looking UP!!
Comment by
red2000 on Mar 20, 2022 9:35am
Hi Zack50 ! Interesting forecast !!! Don't forget the quarterly Dividend will probably increase during 2022 !!! GL !