RE:RE:RE:RE:RE:RE:RE:I assume dividend by Q3 ???
Wow. How can you be that obtuse.
They paid 30 cents per month for years. Debt stayed flat and that was un -sustainable?
The only time debt became a problem was when differentials blew out to due to a shortage of storage and pipeline space.
300 million in debt would be sustainable now if not for some idiotic banking policy changes.
at 100 million in debt these guys are very UNDER leveraged.
What they should do is follow the same drilling program as Yangarra. Keep one rig turning all the time to maintain the same crews and control costs. JV the crew on a few projects if they want the well numbers down and pay out 75% of free cash flow as soon as total debt gets CLOSE to 150 million.