With Clearwater having the ability to self fund as Ed mentioned this plan seems on track.
If Q4 holds above $65....the numbers below get even better.
| | | Millions ($) |
| | Jun 30th Net Debt | $1,629 |
| | Jul payment (1H FCF) | $125 |
| 2021 Debt payment | Q3 FCF ( 87% complete @ $70 WTI) | $140 |
| 2021 Debt payment | Q4 FCF ( @ $65 WTI) | $115 |
| | 2021 Ending Net Debt | $1,249 |
| | | |
| 2022 Debt payment | Q1 FCF ( @ $65 WTI) | $60 |
| 2022 Debt payment | Q2 FCF ( @ $65 WTI) | $60 |
| 2022 Debt payment | Q3 FCF ( @ $65 WTI) | $60 |
| 2022 Debt payment | Q4 FCF ( @ $65 WTI) | $60 |
| | 2022 Ending Net Debt | $1,009 |
| | | |
| | | |
| 2022 Share buyback | Q1 FCF ( @ $65 WTI) | $40 |
| 2022 Share buyback | Q2 FCF ( @ $65 WTI) | $40 |
| 2022 Share buyback | Q3 FCF ( @ $65 WTI) | $40 |
| 2022 Share buyback | Q4 FCF ( @ $65 WTI) | $40 |
| | 2022 Total Share buyback ($) | $240
|