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auctus quoting >5kboed for q4andthey dont hit ceo claimed $100m...

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retorn123

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25/07/22

11:18

Post #: 62707814
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Originally posted by TheGoss31: ↑

this chart really says it all, and also explains a big part of why the SP is where it is... as I've said before i think the market wants to see that cold hard net cash in the bank before it re-rates... which to me means most likely october (sep quarterly), but i hope in a week or so.

If WCS manages to hold up for the next 5 months and mgmt are disciplined with capex then i think we'll be net cash of $20-30m (best case) come Jan, but also after we've bought back the 60m of SOI (about $10m). I'm not sure i'm there yet re 5500 bbl in Q4 @retorn123 ... we'll be lucky to hit 5000 given declines, outages etc but given mgmt track record here i think sustainably we'll be closer to 4500 avg by Q4

anyway long way of saying - patience and a bit of luck re oil prices holding up for a few more months and this will have to re-rate

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auctus quoting >5kboed for q4
and
they dont hit ceo claimed $100m ebit without ~5.5

Last edited by retorn123: 25/07/22

CE1 Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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