RE:RE:RE:I want to hear plans with their Great Gobs of CashTheir long term debt will be $350M until the notes are paid off in 2026, but they can certainly keep their line at zero. I didn't catch whether the notes have an early redemption provision, it would be good if they did.
Their net debt is going to exit 2021 at $225M, meaning they'll have the notes, and $125M cash on hand.
ATH should generate ~ $250M FCF at $80 WTI in 2022. Not having to pay taxes is very nice!
So even if they get down to $100M net debt (by Mid 2022), that leaves ~ $125M for return of capital in '22 alone.
Say a 20% Substantial Issuer Bid?