RE:RE:Using $100mm /qtr in FCF “ I’ll address the hedging comment in another post.
but first, this:
” But the debt : ffo won't be at 1.5X any time soon.”
85k boe / d is 31,025,000 boe / year.
at 70 wti and ~ their $48 / boe cash cost, that’s $682,550,00 a year. Before ~ 325-350mm capex
I don’t know why this is hard for you to understand. It’s straitforward math