RE:RE:RE:RE:WTI futures…JD, this is why I truly believe debt and buyback is the way to go for now...don't bleed out a dividend from FCF that you are stuck with....
Get to zero debt ahead of many others...reduce the float and let RBC keep eliminating the shorts and smaller retail players
Food for thought a 5% divivend @ $7.86 is $0.39
If we eliminate the debt in a year and keep doing buybacks my expectation is we get way more than $0.39 in equity gains LOL
Soon people will see the flawed part of the divy model...eliminate date with that money AFTER use ALL debt and interest money for a divy/buybacks
FCF in 2023 is massive with the hedges off...a great setup at these prices.
JohnnyDoe wrote: red2000 wrote: Geez I need a gallon of coffee, this morning... :)
Brent Q3 2022 : 140$ WTI Q3 2022 : 137$
Brent Q4 2022 : 130$ WTI Q4 2022 : 125$
Brent Q1 2023 : 130$ WTI Q1 2023 : 125$
Brent Q2 2023 : 130$ WTI Q2 2023 : 125$
Brent Q3 2023 : 125$ WTI Q3 2023 : 120$
Brent Q4 2023 : 115$ WTI Q4 2023 : 110$
I believe that bte uses 94 as a forward strip price in their presentation to show fcf and debt forecasts. At this pricing, we are less than a year out from being completely debt free