Question Crew Team re: their Working Capital deficit ($33M)..
If they hit the high end this year on their guidance (they will exceed it in all likelihood).. say $130M..
They'll have to pay down WCD first ($33M) before they hit their bank debt.
So likely, will they end 2022 with around $270M in debt.. (the bond).. ?
Add $20M in excess FCF (higher prices).. so around $250M in total debt..
Look about right.. ?
~TGC.