Market starting to realise the company is highly profitable at current oil prices if not for hedging (thing of the past now that debt is cleared) and if not for ramping up production.
Q1 2023 FCF would be $11m (forecast) if not for another 2 new glauc wells to increase production and montney testing. That's a run rate of $44m FCF for a year, which they surpassed in 2022 if didn't have to hedge or decided to maintain (not grow) production.
Ann: December 22 Quarterly Activities and Cashflow, page-14
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