Projections
For remainder three quarters of 2022 if they meet guidance by averaging about 13k they should FFO about 170 million and FCF 90 million to bring debt to 90 million. In 2023 at 14k average they should FFO about 250 million and FCF 140 million. They would then be in a net cash position of 50 million 2023YE with a FCF of >150 million per year.. on a market cap of 260 million.. could buy all shares and pay off all debt in about 3 years from now if commodity pricing holds.. crazy cheap valuation... If they exceed projections (based on ongoing discussions it certainly seems plausible) that would just make it even more attractive.