Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Must say Fleccy is on point on many issues
No other company has the competitive advantage of BT.A, which will soon have UK wide fibre optic network. No company can compete with this
Lease liabilities come onto net debt because of accounting conventions, but they are operating expenses really
P/E less than 6
Safe solid investment for turbulent times !!
LB
Say low end 200kboepd production next 12 moths, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32
Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$90 = $4.50m
Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$140=$4.76m (say average 200p per therm = $140 per boe)
Daily total cash = $14.92m
Operating expenses= $3.2m
Daily operating cash flow = $11.72m
Annual operating cashflow =$4,277m
Less capital spend $1,200m
Less Interest $100m
Less divis $200m
Less buybacks $300m
FCF AND NET DEBT REDUCTION in 2022 = $2,477m !!
We should be debt free by Christmas 2022 !!
WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards
ATB
DYOR
Say low end 200kboepd production next 12 moths, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32
Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$90 = $4.50m
Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$140=$4.76m (say average 200p per therm = $140 per boe)
Daily total cash = $14.92m
Operating expenses= $3.2m
Daily operating cash flow = $11.72m
Annual operating cashflow =$4,277m
Less capital spend $1,200m
Less Interest $100m
Less divis $200m
Less buybacks $300m
FCF AND NET DEBT REDUCTION in 2022 = $2,477m !!
We should be debt free by Christmas 2022 !!
WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards
ATB
DYOR
SP can fluctuate wildly but fundamentals are sound here.
On 6th July, SP touched 298.5p. Yet it increased 65% in six weeks to close at 492.10 on 26th August, a day after the half year results
I think we will see a similar rise upto the trading update day in just over 32weeks on 3rd November - should be 500p plus after update imo
Remember a large proportion of the highly unfavourable gas price fixes come off in 2023/24 when Hbr will be debt free
GL All
DYOR
Harbour Energy will take over Tullow in my opinion. Harbour is predatory, flush with cash and has already swallowed Premier Oil.
Also Harbour want to increase their footprint outside UK, as most of their eggs are in the North Sea basket. They have stated this I think.
You heard it from me first
GL All
DYOR
Say low end 200kboepd daily production, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32
Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$94 = $4.7m
Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$280=$9.52m (say average 400p per therm = $280 per boe)
Daily total cash = $19.88m
Operating expenses= $3.2m
Daily operating cash flow = $16.68m !!
ATB
DYOR