Post by
Tradestay on Jan 24, 2023 9:46am
Regarding Debts and Buyback
Both are happening, last time debt look like it did not move because of the differnec in exchange rate when financials were released. The different between the two reports made debt $20 to 30Mil higher it was explained on this board during the earnings release period.
In December 795K shares were bought back.
At $80 oil they are projecting to have debt down to $800M by May and the return to shareholders and debt reduction will be 50/50, currently its 25%/75% respectively
Comment by
David01montreal on Jan 24, 2023 10:04am
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Comment by
dllscwbysfn on Jan 24, 2023 10:14am
yes, I think that is correct. I think at the end of Q4 they would have purchased a total for the year of 2.43M shares. They also will likely show that debt is at 950M.