Conf call TranscriptThank you Yasch for posting the transcript.
Very exciting CC.
What I read and I will compare my new expectation with the realized:
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Darren Gee
Yes, I mean, for us, it is more of a depth-to-cash flow target that we are looking at. And it should be because we could see some commodity price changes throughout the year, and then that would change our cash flow projections.
But I think we are looking to be a onetime debt-to-EBITDA by the end of next year. I think that is a reasonable expectation. That is sort of where the industry has gone, I think in terms of de-leveraging, and we have got the majority really of 2022 cash flows locked up with a lot of hedging and that we are continuing to do into 2022.
So we feel quite confident about where we are going to get to in terms of balance sheet. And that was obviously one of the big drivers in deciding how much dividend we could afford...."
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From what I read:
If DEBT to EBITDA ratio falls to 1, debt should be below $800m by the end of 2022.