RE:RE:RE:RE:US dollar debtThe debt stayed the same from Q2 to Q3. I cannot see anywhere that they paid debt in Q3 but find it easily in Q2. In Q3 they had 112M in FCF and bought back 79M in shares. So the 33M difference kinda got soaked up in FX loss???
End of Q3 the Cdn$ was .723
End of Q4 it was .7378
JohnnyDoe wrote: dllscwbysfn wrote: You speak with confidence and i hope you are right. I only ask for an opinion on this because they did not pay any debt in Q3
Tradestay wrote: Yes they would have paid debt. At $80 WTI net debt will be below $800 by May 2023 and down to $400M by May 2024.
At $800M return to sharholde4 goes to 50% so they will reduce the debt paying pace and accelerate share buyback.
They are projecting free cash flow of $450M at $76 WTI FPR 2023.
If I remember correctly it wasn't that they paid no debt, it was that the US dollar strengthened so when the debt was reflected on the books in cdn currency, it appeared as though nothing was paid. Or am I off base on that?
Today we are .747
I thought we had discussed that FX was in our favour when the US$ was strong every day except the last day of the Q when it reflects the debt in US$
This is why i was asking if anybody had thoughts on debt repayment at the end of Q4. Is there a magic # when FX is high enough to pay off US debt?