Jurek
I got your point,,my RRSP is used for trading it's not for my retirement..I openned it prior to tax free savings accounts.
Hourly chart== I'm assuming yellow line is the buy white is the sell signal
As of today, with a short term Royalty brakes CLL needs bitumen at $52 to $55/bbl (WTI ~102 to 105/bbl) to pay their bills and maintain the production.
Could you explain how you got this number..Did you include the $60 million 1 time refinancing?
Maybe I'm calculation this wrong but I'm getting these numbers. If you go to the August presentation Page 20 the Total 2011 capital budget is $162 million dollars and 77 million in interest payments ( 880 million 8 8.75%) for a total of 239 million needed to break even..
If they average 14500 barrels a day that totals 5 292 500 annual production
So I calculate in order to get 239 million dollars out of 5 292 500 you have to get about $45.15 per barrel
According to page 12 August presentation
WTI price (US$/bbl) $70.00 $80.00 $90.00
Bitumen netback $17.61 $23.98 $30.18
I calculate $14.56 needed from netback to pay interest on debt.
I just don't get your numbers
