What I like and don’t like1. Good overall results...net backs up significantly and will get better and rest of crappy hedges are pretty much done..."majority of the Company's mandated fixed price crude oil hedges for 2022 expiring in less than two months"
2. Previously they said net debt target of $250 to $265 million would be achieved before mid year 2022...now they are saying q3 2022...assuming this is because of the land purchase they did eating up cash.
3. dividend is nice...reasonable yield but not stupid high
4. I do not like they did not provide a better outline of the cash return like other do and that they were not specific on institution of an NCIB.
I think it is 50/50 if there is a positive reaction...will really depend on the analysts...if oil prices hold i think there will be much more clarity on further shareholder returns after Q2
GLTA