Whitecap news tonightis an example what we can expect from VET . With these prices for gas , WTI and Brent VET is racking in the cash . "
In achieving $1-billion of net debt by year end 2021, Whitecap retains $1-billion of liquidity on its credit facility and a forecasted debt-to-EBITDA ratio of 1.3 times at $45 (U.S.)/bbl WTI and 0.7 times at $70 (U.S.)/bbl WTI, providing significant financial flexibility and long-term sustainability. With the company's debt targets achieved, Whitecap has significant optionality for free funds flow allocation and the potential to accelerate return of capital to shareholders through targeted share buybacks and dividend increases.