RE:800 million debt target should be late q3 or early q4 2022Good evening JD, in order to get to $800m debt you need the following
$600m debt (75%)
$200m share buybacks (25%)
This is $800m FCF
To hit $800m FCF they require the following averages for 2022
Oil $88.93
Gas $4.50
FX 1.28
WCS dif $12.30
If you beat those numbers you are ahead of the game and hit the target in 2022. Of course not including additional Clearwater success.
BSW
jdmecomber wrote: At current strip prices we hit the debt target this year, we should see dividends this year.