RE:RE:Gas Prices to Remain Highest Since 2014 for 4th of July WeekAs per corporate presentation:
PowerPoint Presentation (parexresources.com) Q1’21 operating netback → US $37.38/boe at Brent $61.32/bbl
Limited hedges.
So, add conservatively, another $10/bbl to 46k/day to FCF So an extra 41mil ish per Qtr in FCF based on $75 brent
Repurchasing 10% of float this year. No debt. $3/share cash on hand so you're really paying $18ish for the company.
If the geopolitical situation in Columbia calms down this thing will gush cash. If it doesn I'd expect they will continue deploying capital, ramp up production and keep buying back shares.
It really all pivots on the Columbian geo-political situation.