RE:RE:Payoff of $110 to $115 of Debt in 2022As I mentioned I think a lot of companies like CR are hoping for a fair extra from pricing that will allow them to pay down debt while at the same time increase production or expand the areas they own.
I don't think an asset sale is necessary in this price environment especially if they can use that asset to their advantage in the future.
At $4+ pricing in summer presently, will this last and increase further into the fall and winter is anyone's guess.
Those that pay attention to inventories, and demand certainly have a heads up especially in an environment where few companies want to increase production, not pay down debt and not return any to shareholders.
I believe CR's shareholders are not in this camp. The only way to get this stock to $8 or more is to work on all aspects of the game and hope that prices are around long enough to allow them to do this.
Are most happy with the current report?