Post by
MLEWICKIMBA on Mar 04, 2024 11:21pm
Stick to the FACTS
Q4 2023 Revenue -- $418M
Q1 2024 Revenue -- $448M EST. I see Full Year Revenue for 2024 at $1.8BLN to $2,0BLN CAD.
Higher Oil prices in Q1 2024 and tigher WCS Differentials.
A big portion of NG was hedged but this is less than 4% of sales now for TVE. Good decision by Brian.
That extra cash is just the beginning as summer months come into play starting in May 2024.
A lot of other factors right now. Tighter WCS Diffs with TMX Pipeline and Maintenance Season will lower inventory in Canada -- $10 to $12 Dollar Diffs coming. For TVE the next six to nine months is further transformation from its past.
GO TVE GO.
Comment by
robert41 on Mar 05, 2024 1:43am
Couldn't agree more well said