RE:RE:RE:RE:RE:RE:RE:RE:RE:look at the chartsAt 85,000 boe/d, (estimate - but they did 86,270 in Q1) that’s ~ 31,025,000 boe / year,
if the price holds at ~ $70 WTI... that’s $2,171,750,000 FFO for the year.
they currently have ~$1950 mm in debt.
I was speaking with IR rep today, and he confirmed their target of 1.5x debt to FFO
... meaning they’re already there (if prices continue to year end).
My guess is the company plays it safe and waits till Q3 or Q4 report come out before re-instating the div. Might as well be patient and play it safe at this point.... they’re only a few months away from being home free.
What a change from 2020 Q2- when they had 1 foot in the grave and climbing in....
THIS has to be one of the best turnaround stories of ALL listed companies in the last year. But you wouldn’t know it from the share price.