RE:RE:RE:Anything to be excited about here?NCIB could be in the cards Talked to IR about that, and no problems. State ment below confirms it.
Financial resiliency:
- Liquidity of $400-million (cash and available credit facilities);
- Net debt of $263-million; 2019 net debt to funds flow of 1.2 times ($65 (U.S.) WTI (West Texas Intermediate)/$17.50 (U.S.) WCS (Western Canadian Select) differential).
2019 outlook
Uniquely positioned for current market fundamentals:
- Annual capital guidance remains unchanged at $95-million to $110-million;
- Annual production guidance remains unchanged at 37,500 to 40,000 boe/d;
- Funds flow forecast of $205-million; free cash flow of approximately $100-million ($65 (U.S.) WTI/$17.50 (U.S.) WCS differential);
- Future flexibility to direct free cash flow to debt reduction, share buybacks or capital projects.