Vital Energy Inc (Canada) V.VUX

Q4 Operational Netback of C$70 with WTI US$77 - now WTI $100

[Dragoon]

Easy cashflow thanks to 3 new wells and with WTI oil at 100 - looking at Q4 numbers, first full quarter of production for the 3 new wells - they could make as much operational netbacks in 2022 as the stock price is today.

New company after the 3 new wells and more than double the production compared to Q2.
With a clean Balance sheet, hardly any expenses and more drilling plans for this year.

My full DD Report with picture screens you can also read here: https://www.reddit.com/r/CanadianStockResearch/comments/udtxxq/vital_energy_vux_has_more_than_doubled_production/

[Dragoon]

VUX P/E is a joke here! Other expenses excluding operating and impairment in 2021 were 4 mln. 4 mln / 911 barrels and 365 days is 12 cad per barrel. With last Q4 Quarter operating cost of 15 cad a barrel, I think assuming a total cost of 30 cad per barrel at WTI 100 (directly in cad) is safe, using all in CAD for full 2022. Revenue will be higher but costs go a bit up as well. So $70 cad per

[mjh9413]

A copy of your post to PNE BB made me look and I  think the picture is even better than you painted. I see cash oper costs (excl depn, etc) staying less than $15/boe since Lampman has lower oper costs anticipated (and lower royalty rate), so with no hedges this could well equate to oper cash flow ~ $7.3 in qtr using 850 boe to allow for declines, since no new wells, and a conservative  C

[mjh9413]

Has anyone reviewed the oil&gas certifications posted to Sedar with the y/e financials? In particular the 2021 prodn numbers for Estavan do not make sense to me considering the reeference to 709bopd average from inception from these 3 wells in MD&A, and I am unsure that a reserve extimate is actually made for this property after the Q4 wells since it shows a total of just one year's P