RE:RE:RE:RE:RE:unbelievable....Q3 around the corner
Reminders from Aug 3 (Q2) -
when oil prices were in the $ 60's (now $ 80's) - Forecasts Second Half 2021 Free Cash Flow2 of $100-120 Million
- Credit FacilityBalance Paid Down To $175 Million
To me it doesn't matter how much lack of faith one has in Mgt. A "dog with a note" could bring in a stellar Q3.
The market wants proof positive - via historical FS.
Now one or two weeks away from reporting Q3. Followed by Q4 (we are in that now) and a full year with Audited FS(vs a disasterous 2020) ...and guidance on production & debt repayment for 2022.
Back up to a couple of bucks (at least) we go by Q1 2022 (IMHO). Assumes oil prices hold $ 70+. Would be nice to string multiple quarters toegether with no produciton interruptions as well. $ 3-$ 5 is posible again at $ 90 oil and once out of the penalty box on debt and other disruptions.
Holding strong. Accumulating on any weakness.
MM