RE:RE:RE:RE:RE:RE:RE:RE:RE:2022 CAPITAL AND OPERATING BUDGETI'd like to just sit back, enjoy the 52 week high and know they still need to at least double to catch up with their peers, However, I just can't get over that each announcement is not quite as good as last one.
They state what the net debt is. I don't see how we can aurgue it's not net debt when they say it is. It's not the same as debt ceiling which would include any undrawn amount from credit. It appears that net debt may now be within $20M of the debt ceiling. I'm sure if they had paid down significant amounts of debt versus increasing, it would also be in this announcement.
However, if they even make close to the FCF they state, then they should be able to quickly pay it down.