Ann: Company Update, page-125

omg

you again seem to be getting a few things mixed up, confused and wrong (like the oil price u got round the wrong way)

in 2022 the wcs was $75

ce1 made from ops $51m + $16m hedges = $67m in 2022

the wcs is now ~$60, and is forecast to rise by all the independent valuation consultants in canada

to reach wcs of $75 would now require ~$85 wti, not too high and right in the middle of opec put

and ce1 would produce from ops >$67m
and will spend it how they like

if you want to talk down the oil price, you can (at your own peril)

but you also look a little dumb trying to talk down assets that can clearly produce a lot of cash at a reasonable price

even garpy was not dumb enough to not go and try to buy ce1

for a 17-20c capital return, and then multi-tcf and >100m bbl condy

dont miss these prices