RE: A very positive starting point for growth.31 Mar 2021 14:29
But you are not including for approx 1/2 the q their liquids was getting an average price 15% below what the liquid in the second half of q received. Liquid account for the vast majority of rev and fcf, Which had a large effect on fcf for q1 .... So at current prices the annual run rate of fcf is at least 40 million. Canadian. Then add in Noel and other wells throughout year easily 55-60 million in fcf especially considering oil only accounts for 15- 17% of production and 43% of rev. Adding a few hundred barrels let alone a 1000 barrels of production of oil will have a tremendous effect on fcf, dividend and share price.
Personally I’d stop worrying about every tick, there is always “sell on the news money” let retail sadly do what it does best as a whole, miss the boat. Enjoy the next 2 years of growth, based on fcf presented here today the company will be net debt free by the end of q2. Here’s the new slogan for the company “ Hi we’re a new kind of oil company in Canada, no debt, low cost, high dividend paying with a portfolio of low risk multi-decade drilling opportunities as well as a possible Estimate of +100 million barrels in the Clearwater oil play with IRR exceeding 300% and possibly a few hundred million barrels of North Sea Brent (200 million identified already) We plan on at least tripling in size, we already have the infrastructure built for that capacity, bought it for pennies on the dollar, might as well fill it up, looking forward to getting to know you all better, from Uk to Calgary, we are I3!” Might not fit on a coffee mug but do you get the point on why following every tick or trying to understand irrational thinking is a waste of time. Focus on the data. Best Doc
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