RE:Fcf way ahead of projections from 3 months agoJohnnyDoe wrote: This is what they said in the Q2 release
Based on the forward strip(1), we expect to generate over $400 million of free cash flow(2) in the second half of 2023
This is what they just said in the Q3 release
Currently, we expect to generate free cash flow of approximately $400 million in Q4/2023
They generated 158M in fcf in Q3. So, pretty safe to say things are going waaaaaay better than they thought 3 months ago.
I agree Johnny. The US dollar is killing some numbers of the numbers BUT if you reacll last year, they didn't put anything towards debt repayment because of the high exchange rate. At least they paid something back this time. Overall pretty happy but I think there is another year we must get through before we can really reap the rewards on this one. I don't see $20 until they get below that 1.5 billion debt hurdle.