RE:No FCF projections for 2023Here's what I think their FCF projection should be for 2023. I will write it down here so I dont have to recalculate it all the time. So they predict $299 mil of shareholder returns qtr 1 in 2023 (238 buybacks, 61 divys). I will round off to $300 million per qtr and multiply by 4 to get a full year FCF of $1.2 billion at what looks like an average WTI of 77 and 2.75 HH gas in qtr 1. Again I will round off to $75 wti and $3 HH gas. Now multiply by 2 because only half the FCF goes to divys and buybacks so that brings me to ........$2.4 billion at $75 WTI and $3.00 HH. There are 258 million shares outstanding, so at $39/share I get......... FCF yield of 25% at $75 oil and $3 gas.........Cashflow rises $325 mil for every extra $5 in WTI and $100 mil for every 25 cents of HH gas. Remember all this is in US DOLLARS. They have $3.6 billion in debt.
If anybody reads and can decipher this, let me know if I'm wrong about anything. lol