Post by
downtozero on Mar 08, 2021 5:38pm
Met expectations
Reclamation and abandonment expenditures reduced the amount they could pay off on debt this year. The March presentation removes the "wedge" they had in February, probably because the current prediction of $350M FCF at $60 WTI is $50M less than the wedge showed, so the wedge can't be trusted - too bad. We'll see what tomorrow brings for stock price increase. Should be a positive outcome.
Comment by
mnztr on Mar 08, 2021 7:42pm
They probably decided to accelerate reclamation and abandonment as there was a lot of Fed $$ to assist with this. It sits as a libility on the balance sheet so any way you can reduce liabiities is good.