RE:RE:RE:RE:RE:Who has a handle on Q1 earnings. Yes! Q2 the average so far is >$105
Q2 reports July 28th
My hope is I have a few months where I can add to my O&G positions with dividend money. Some may not understand the alignment of oil prices and financial reporting so it will give those that understand a clearer picture.
The only variable to hitting debt target in April is capex in Q1 (note and capex over and above the budget impacts FCF). They have been drilling a lot....spring breakup soon which means less drilling in Q2 but MAJOR cashflow at these prices...that debt/buyback number is going to be very nice if oil hangs out here for a few more weeks.
fortunefavorsus wrote: Thanks for clarifying that is based on future month not the current month pricing. So April will be outstanding with 2 more weeks of price data to determine average price for month. Debt target met in early April and buybacks could start as pricing guaranteed for April.