RE:Plan seems rationalmnztr wrote
Looks like they expect to retain 550M in FCF from all the cuts this year. That will go a long way to improving the balance sheet.
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The $550 million in cuts by eliminating the dividend and cutting capex were done because at $35 - $40 oil they are not bringing in the cashflow for the dividend and higher capex.
At the current oil price around $40 they are not retaining anything like $550 million. More like around $100 million per year after the reduced capex.