Post by
Relaxrelax on May 11, 2023 1:45am
Very Poor Communication
And what is "impact of the unplanned third-party outages"?! Anyone know what this meant?
Adjusted funds flow(1) of $157.3 million and free funds flow(1) of $9.1 million in the first quarter reflect the production impact of the unplanned third-party outages and a wider year-over-year WCS differential. Subsequent to the end of Q1 2023, the WCS differential has narrowed materially and current forward pricing indicates narrower WCS differentials through the balance of 2023.
Comment by
Stocker1973 on May 11, 2023 2:28am
Let's see the market reaction tomorrow
Comment by
Seppelt on May 11, 2023 9:09am
Annual capex is not evenly spent quarter to quarter. They spent a large portion of it in Q1 and a lot of it on infrastructure. One should expect higher free cash in subsequent quarters. As for market reaction, it could be negative due to lower oil prices.