CTR Fundamentals, page-5

hnyrg,
I have used actual figures reported by CTR rather than estimates back in mid 2013. Further, my comment re shutting in A4 is based on the fact that at current oil prices production is marginal, in my opinion, perhaps not even breaking even.

There is plenty of articles in the media now re companies in the US that are not profitable with current oil prices and will be shutting down though that's a generalisation and my statement is based on financial analysis.

I will post the figures i used tonight to show how i derived the netback figures.