One additional thoughtIf Surge generates free cashflow (operating cashflow minus E&D expenditures) of $140 million (or more) in 2022, as per their press release, I really hope they use it to pay down debt rather than reinstate dividends. A slight rerating of the stock from strengthening their balance sheet and not being constantly under the gun to hedge their production would be way better for shareholders than a few pennies per share in dividends. I do like dividends but I really love capital appreciation!