Post by
Dibah420 on May 06, 2024 3:21pm
Q1 on May 8
True they'll be reporting on Q1 which ended March 31. But they can't ignore the month of April and the week in May. They will be pushed for answers and guidance. It will be 22 days of curtailed production by 9-10%, and ongoing. Management has been tightlipped. CEO Schmidt acknowledged that the outage would not be of short duration, however they were seeking alternative options such as rerouting to other plants or seeking flaring relief from AER. If they had succeeded with either, we would have heard. To be sure a resolution is possible in the next 24 hours and we might get an announcement. In any event it would be helpful all around if Schmidt is transparent and lays all the cards on the table.
I would be curious to hear their guidance esp. with a lowered WTI.
Comment by
MLEWICKIMBA on May 06, 2024 11:34pm
78 -- 4 = 74 x 1.37 = C$101.38 on Light Oil 66 on WCS x 1,37 = C$90.42 on Heavy Oil Still stellar prices and NG is recovering. The outlook is good. Just fix the outage.