RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024If the debt figures are correct in this case (Q3 debt down to 1 billion from 1.32 billion) - that would mean the debt target for 100% of FCF to shareholders (600 million) could be achieved by mid 2024 if WTI cooperates. I think Q3 was a bit of a top point for oil for the next while and the WTI/WCS has widened recently so that could be pushed out another quarter.
My estimate would be Q3 next year unless Trans Mountain actually comes online and has a good impact on the WTI/WCS gap.
With Pioneer/Exxon as an example of M&A we may not make it to Q3 next year as MEG though......(hope we do though)