RE:Esi is at the lowest "In addition, from the period beginning 2023 to the end of 2025, the Company reaffirms its targeted debt reduction of approximately $600.0 million."
That is from the 1st qtr results NR but doesn't seem to jibe with comments in same NR's preceding paragraphs about reductions in Credit facility levels and Term Loan repayment schedule. Plus they are putting more rigs into reserve fleet and all areas except International have declining revenues.
I came to this BB after being on Akita BB, where there was comment about Fairfax. Prem Watsa does not get it right all the time and what is a sale price of ESI with its current balance sheet (there would have to be a lot of goodwill included to meet current share price even)? Comments anyone?