Capital Allocation - Anticipation of distributionI'm wonderring what management will do with the flood of cash this winter? The likely between now and the end of Q1 happennings include:
1) Pay off the the remaining 7 million of AIMCO Debt (Tranche 1 - due July 31, 2022) likely paid off in Q4/21
2) Renegotiate the terms of 30 million AIMCO Debt (Tranche 2 - due Dec 31, 2024)
3) An 1-2 additional oil wells which is in addition to the 2 drilled in Q2
After that I'd like to understand what is the best allocation of residual capital:
a) Timing, size and sustainability of dividends?
b) Increasing productions back to 20,000 boe/d, perhaps with a vision to increasing to 25,000 boe/d?
c) Further growth by acquisitions?
d) Share buybacks?
Please share your thoughts if you have them? I'd be very interested if some of you have talked with members of the management team.