Q3 thoughtsWth the quarterly release coming out Friday, I was thinking how nice it would be to receive some sort of guidance from management. Something simple and to the point with actual numbers such as:
”With the anticipated significant increase in free cash flow in 2019, with poor hedges rolling off and assuming WTI $67 Diff -$30, we plan on paying off $300 million of debt, and buying back 25 million shares”...or something along those lines to show the shareholders a little faith and get some positivity around this dog finally.
I know they have discussed in previous releases how they “anticipate reinstating a dividend or share buyback program in 2019”, but that’s just empty words. How about some cold hard numbers and a precise plan laid out to give the shareholders something to get excited about and to see actual progress that’s anticipated to come. The risk management team must have an idea or rough ball park of how much “profit” they’ll have left over after 2019 assuming WTI holds these levels and the differential narrows a bit. (Maybe $400 mill after funding capex give or take?)