RE:RE:A warning Well if you look at Optimistic Eric's numbers using $60 WTI then you are talking 4 x debt to cash flow. Meg's long term debt is $3.7 billion and base cap ex is $200 million.. So basically Eric is assuming cash flow of $925 million and free cash flow of $725 million. Seems too optimistic to me. If they do happen to somehow generate $700 million of free cash flow it seems more prudent to pay down $3.7 billion of.debt. And q4 had negative cash flow due to the ridiculously low differentials. I'd rather buy Parex where they have zero debt and can aggressively buy back their stock with free cash flow and get Brent pricing.