Post by
hawkowl1 on Apr 02, 2019 11:48am
Paving season starting WCS jumps to over $71 Canadian Pesos!
First half numbers will be awsome for most heavy oil producers.
Notley out in 2 weeks ,China USA settle trade dispute in late April.
Interest rates lowered in U.S.A
Trudeau popularity keeps plummeting setting up a Conservative government in Ottawa this fall or even earlier if Trudeau decides to call early election(hoping he does).Which will lead to billions of dollars flowing back into oil patch.
Sell in May and go away strategy unlikely to be a good move this spring.
Comment by
pablo87 on Apr 02, 2019 12:49pm
At C$71 WCS, I'm guesstimating $103K of revenue daily NET of royalties. Field ops and capex of $72K and SG&A around $9K a day. $8M annual cashflow. Like I said, its all about WCS for this one.
Comment by
rad10 on Apr 02, 2019 1:03pm
Being very patient with this one pablo.............. I don't like holding common shares in these penny stock P-O-S companies. Prefer a trip to the casino.