RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Time to man up.. Dig inNo, it means the Annualized FFO gets re-evaluated at every new quarter. They look at what their FFO was for the current quarter and multiply that by 4 to see how it compares with the effective debt on the books. At the next quarterly ER, they do it again so that it is a more accurate
estimate of how much FFO they would bring in over the next 12 months. If the debt is less than that estimated annual FFO, then all is well, no worries!
Doesn't necessarily mean the debt is significantly lower than the previous quarter, it's a comparison ratio that's all. The earnings could have just increased significantly instead. Which they did. Increased production, increased commodity prices, decrease in debt level (no matter how small) - all this combined creates the smaller ratio.
fullyautomatic wrote: Yes nice improvements.
But those are annualized ratios per quarter. What does "quaterly basis" mean? Could it be taken to mean non annaulized ratio? In which case it's no where close to 1:1. The language is strange...
I'm sure you are correct, as to hit a 1:1 per Q debt would need to be 75% lower than Q1 level....
Low vol this week. I bought shares each day this week and was fairly a decent % of the weekly vol. Risk vs Reward I have this at "Grand Slam" levels. Clearly again not everyone sees and are willing to take this risk. Thats the market for you winners and losers..
Good Luck!