RE:RE:RE:We will gap up They said they would drill Clearwater if it accellerated debt and FCF....which it has
Debt was supposed to be $1.2B end of Q2....hit that number in April....ahead of target....so FCF was above in Q1 and we will hit debt 2 months earlier.
I think you might have been confused with debt being $1.2B in Q1 not Q2?
1234bmth wrote: WCP didn't go back green yesterday because of its earning report, it went up due to more than 3% jump in oil price and if the report is good why the flippers should sell at the open? As for BTE I was expecting that management stays with what they promised, but they repeated the theory of making more money and spend more. At debt still + 1.2B$ their priority should be debt reduction not agressif drilling, we will see how the big pockets will react to this? And we are still lucky that oil is up more than 1% it may help.