excerpt from a village post "If we can accept his prognotications at face value, it means companies with balanced production across many geographies will benefit from supportive pricing. And for Vermilion, it almost guarantees that the intense portion of their deleveraging process will be completed by the end of Q1'22. I expect $600m free cash flow by then given elevated Brent, WTI and Euro-NG (71% of production) and solid AB-NG pricing (29%). We should be down well below their target 1.5x (perhaps as low as 1.2x, depending on hedges)."
Regards,
Naamkat