Crew - Dividends vs. BuybacksCrew should consider neither.
Debt repayment must be and will be the priority.
Thoughts on what the YE 2022 absolute debt will be ? $250M - pay off $150M in debt this year.
Crew needs to get to around $150M in debt. Even in lower HH/AECO, this should be around 1x, which is a very healthy number for Crew's new production etc.
Crew will then need to continue growing organically to 40,000 boepd and you heard Dale now speak of the Groundbirch gas plant. This is the 40kpd + leg up. As stated before, will they sell the company as it heads to 40kpd or will they continue their growth plan and build to 70kpd production.
Non-core asset sales will help to achieve the above.
~TGC.