RE:near term quote in 4th quarter ( any thoughts on this quote)My thoughts? Too me, its positive. With the excess FCF, pay down debt to a level where Vermillion is comfortable ( manageable ) then re-introduce a dividend. What's more too say? Imo, it certainly WON'T happen in 2021 if that is what you are hoping?
Paying down a $2 billion doesn't happen overnight! And providing wti and brent stay at today's current levels or higher. Now, unless both wti and Brent touch $100 before summer and remain there until 2022 at best-- which is highly unlikely mind you--- then the skies will part rapidly. But again....it's highly unlikely $100 will be touched.