Thread by @emmpeethree1

TD - Exploring Full-cycle Costs & Margins of Canadian E&Ps
-Which Companies Have the Lowest Full-cycle Costs?
gas $PEY.TO $AAV, oil $CPG $WCP
-Highest margins?
$PEY (cash cost), $SDE (F&D cost & tax pools), & $CPG (realized price & tax pools) then $ARX.TO
1/x 🧵
#COM #OOTT

2/x
2023E Full-cycle Cost – PDP F&D + Cash Expenses (ex. Hedging) at Strip

and

Full-cycle Cash Costs Relative to Commodity Mix

3/x
Full-cycle Cash Flow Margins (at Strip)

and

Full-cycle Cash Flow Margin Relative to Production Mix (at Strip)

4/x
Full-cycle Margin Sensitivities