RE:RE:near term quote in 4th quarter ( any thoughts on this quote)they did provide some pretty clear metrics. the 2021 goal was based on $60 USD/bbl. At that price, they projected debt reduction of $350m. Every $1/bbl higher increases free cash flow by $17m. So if we trend at $65, that would be $85m extra free cash flow which could be spent on any combination of debt reduction, E&D, or dividends.
That's only the oil side. Those numbers are affected by gas prices as well. This is where the forecast is vague because I don't see the base price for gas--only this: "+C$1/mmcf change in European natural gas = +$28MM of FCF"
So, European gas prices can either add or detract from projected free cash flow, depending on how those prices react this year. Bloomberg is bullish on gas prices "Even with its numerous pipeline-supply options, Europe’s import dependency is rising amid falling domestic production due to aging fields in the North Sea. At the same time, trade in LNG transportable across oceans is expanding faster, driven mainly by demand in Asia."