Post by
galaxyr on Oct 22, 2023 9:14pm
Upcoming earnings
On Sep 11th news release VET states that they expect Q3 production to come in on the upper end range of 80 to 83k bpd.
VET Oct presentation shows estimated netbacks being approximately $55 per barrel of oil on current strip pricing
Napkin math time 82000bpd multiplied by 92 days in the quarter multiplied by $47-55 netbacks per barrel.
$354,568,000 to $414,920,000.
What are your thoughts on earnings this quarter?
Comment by
loopsbutterfly on Oct 24, 2023 1:39pm
sorry but the biggest concern is the DEBT...a lot of us whant it down faster than that...
Comment by
Quintessential1 on Oct 24, 2023 4:44pm
Well the debt is paid down with the revenue earned. Did you want to wish the debt down further? Net Debt will be reduced this quarter. Investments in future inventory reserves will pay dividends later. Guidance will be the real cherry on top of earnings this quarter. GLTY and all.
Comment by
GregC24 on Oct 24, 2023 5:22pm
"given the front-end weighting of our capital program, combined with higher forecast production and cash flows in the back half of the year, we anticipate generating more free cash flow in the second half, which should translate to accelerated debt reduction." q2 call