RE:Debt trend updated- With Q3 contract days 87% complete I like your numbers for debt, but I just dont see share buyback or dividend until Q2 or most likely start of Q3 2022. This is ok with me as gets debt down to very very conservative numbers.
Clearwater could be huge. Look at headwater projections of self funding growth anf half a billion fcf in next 5 years...these wells are remarkable and although super early BTE wells look even better. (we have to see results of the updip part of resevoir which should know September or October).
Regardless a 1 rig program all 2022 we could see production up 5000bopd 2022 and 10,000 bopd by end of 2023 all self funded and be throwing off some insane fcf.
I hope they iniate a 1 cent per quarter dividend end of this year to get funds that have to be dividend to be eligible to buy, then 2022 start buying back shares like crazy, then 2023 can up the dividend.