Interesting Table by Peters & Co on Nuttalls TwitterIt shows about 10 companies, their debt targets, 2022 FCF Yield and other info. It says that CPG debt target is $1.4 to $1.5 billion, and estimates 2022 FCF yield at 29% (the highest of any of the companies shown on the table). It estimates that debt target will be reached by Q4 '22. And maybe some more FCF will be directed towards increased div when they have visibility to reaching that debt target.
I am optimistic that oil price will be in the range suggested by Eric Nuttall ($70 range and llikely higher). If this is the case, the target could be reached a little earlier than Peters expects. In any event it looks like CPG is plowing ahead with their debt reduction strategy, which will ultimately be very good, but for the next year or so means more surviving on starvation dividends for us shareholders. I can tighten my belt (another!) notch and wait. GLTA Longs!