Honestly,
Algar was the only way to create cashflow. I'm agree with Krissy about debt but in near term we’re ok. If Algar & POD1 can produce 16000 bpd with the actual netback, we should see SP near 3 $ by the end of this year.
There’s still some risk like a double dip but even with that we should survive
| |
|
|
|
Admin+Debt |
Annual Earning |
EPS |
SP (EPS X10) |
| WTI |
Netback bitum. |
Convent+Ref. |
Corporate Netback |
Daily Expense |
8000 bpd |
16000 bpd |
20000 bpd |
8000 bpd |
16000 bpd |
20000 bpd |
8000 bpd |
16000 bpd |
20000 bpd |
| 40 |
$16.80 |
$8.00 |
$24.80 |
$311,111 |
-$40,576,000 |
$30,848,000 |
$66,560,000 |
-$0.09 |
$0.07 |
$0.15 |
-$0.90 |
$0.70 |
$1.50 |
| 60 |
$25.20 |
$8.00 |
$33.20 |
$311,111 |
-$16,384,000 |
$79,232,000 |
$127,040,000 |
-$0.04 |
$0.18 |
$0.30 |
-$0.40 |
$1.80 |
$3.00 |
| 65 |
$27.30 |
$8.00 |
$35.30 |
$311,111 |
-$10,336,000 |
$91,328,000 |
$142,160,000 |
-$0.02 |
$0.21 |
$0.33 |
-$0.20 |
$2.10 |
$3.30 |
| 70 |
$29.40 |
$8.00 |
$37.40 |
$311,111 |
-$4,288,000 |
$103,424,000 |
$157,280,000 |
-$0.01 |
$0.24 |
$0.37 |
-$0.10 |
$2.40 |
$3.70 |
| 75 |
$31.50 |
$8.00 |
$39.50 |
$311,111 |
$1,760,000 |
$115,520,000 |
$172,400,000 |
$0.00 |
$0.27 |
$0.40 |
$0.00 |
$2.70 |
$4.00 |
| 80 |
$33.60 |
$8.00 |
$41.60 |
$311,111 |
$7,808,000 |
$127,616,000 |
$187,520,000 |
$0.02 |
$0.30 |
$0.44 |
$0.20 |
$3.00 |
$4.40 |
| 85 |
$35.70 |
$8.00 |
$43.70 |
$311,111 |
$13,856,000 |
$139,712,000 |
$202,640,000 |
$0.03 |
$0.32 |
$0.47 |
$0.30 |
$3.20 |
$4.70 |
| 90 |
$37.80 |
$8.00 |
$45.80 |
$311,111 |
$19,904,000 |
$151,808,000 |
$217,760,000 |
$0.05 |
$0.35 |
$0.51 |
$0.50 |
$3.50 |
$5.10 |
| 95 |
$39.90 |
$8.00 |
$47.90 |
$311,111 |
$25,952,000 |
$163,904,000 |
$232,880,000 |
$0.06 |
$0.38 |
$0.54 |
$0.60 |
$3.80 |
$5.40 |
| 100 |
$42.00 |
$8.00 |
$50.00 |
$311,111 |
$32,000,000 |
$176,000,000 |
$248,000,000 |
$0.07 |
$0.41 |
$0.58 |
$0.70 |
$4.10 |
$5.80 |
| 125 |
$52.50 |
$8.00 |
$60.50 |
$311,111 |
$62,240,000 |
$236,480,000 |
$323,600,000 |
$0.14 |
$0.55 |
$0.75 |
$1.40 |
$5.50 |
$7.50 |
| 150 |
$63.00 |
$8.00 |
$71.00 |
$311,111 |
$92,480,000 |
$296,960,000 |
$399,200,000 |
$0.22 |
$0.69 |
$0.93 |
$2.20 |
$6.90 |
$9.30 |
