RE:9 Trading days before Q1 ResultBayStreetWolfTO wrote: Should be interesting to see where they are tracking to plan.
Q1 Average WTI = $80.15 (reporting Apr 28th)
Q2 Average WTI = $104.90 so far 62% complete (reporting Jul 28th)
Once we have Q1 resutls it will certainly help to forecast out Q2
if I'm not mistaken, bte is indicating 700 fcf at 95 wti. We've got to be sitting on a 90 wti average this far into 2022 with driving season approaching. 700 fcf results in 175 in buy backs and 525 in debt repayment.
Two important things to consider with that is the daily buy back will be significant. I think there's roughly 175 trading days left in 2022, given it is not announced yet, they'll be buying back more than one million worth of shares daily. And secondly, very early in 2023 they'll hit that next level debt target and adjusting the share holder returns mix.