RE:Debt reduced by $34m in Q4?"Peyto says net debt unaudited was $1,098b, compared to Q3/21 of $1.132B.
Congrats to Houbahop, who (going from memory) said it would be closer to $30 or 40m compared to my initial estimate of around ~$70m."
Eh!Eh! I'm watching...
*****
"...Let's hope debt repayment accelerates as the expensive hedges + synthetic transportation costs keep winding down and production goes up in '22...."
There is a potential to reduce debt by $200m in 2022.
Shareholders will know soon if management has a commitment dealing with this issue.
If not, expect shares to languish.
Natgas prices look good today, but with producers going full monty on bringing more production on the markets, let's pray the US LNG exports will take all the excess volume.