RE:RE:RE:RE:RE:WTI still rising As long as the return on drilling is higher than the interest rates on debt, then a small enterprise like PIPE should take full advantage of the situation . They can always hedge a year out thereby ensuring enough cash flow to cover their minimal debt. If need be they would then have a full year to divert their entire cash flow to debt repayment . The only possible concern would then be not to over commit to take or pay gas processing volumes or pipeline commitments.
fauxtomato wrote: Accelerated debt reduction is the most beneficial to equity pricing, rather than accelerating DCET, hoping they, and most other producers, stay the course. We're in a sweet spot of NG / NGL / WTI pricing and I'd hate to see it all fall apart.
Share buybacks can be good if the equity price craters again, but I'd prefer to see someone else buying the equity.