Post by
drunk@noon on Sep 14, 2023 1:39pm
almost 60% of production nat gas and low value ngl's
They try and hype this as an oil play, but at barely over 40% it's not. On top of that they always overspend cap ex over budget. See last quarter. They just don't get it. We want free cashflow, not someone drilling to increase production of mostly nat gas and ngl's with a fraction of the netback of oil.
Comment by
Rational43 on Sep 14, 2023 4:34pm
Don't worry, FCF is coming over the next many quarters. I agree that we don't want production growth, would rather be buying back shares, but at these prices economics are very good.