What VII Gens Should do.
After Q2 implement a 48 cents a share dividend.
Hedge out their Condensate for a year at average 62 US , not including previous hedges 30% already hedges taken into account.
165 million to pay dividend.
650 million to maintan production
1. billion in debt reduction.
After a year they trading at .5X debt to CF or .8X debt to Free cash flow
Basically debt free in two years and roll hedges on a month tho month basis.
Stupid deal in place vote No.
IMHO