RE:QUESTION TO BSWQI, the company was catching up in May/Jun/Jul on buybacks. I expect buybacks will slow through Q3/Q4
Their plan is 75% Debt / 25% Share Buybacks
@ $100 avg WTI (currently we are YTD avg 101.81) we are around $825 million in free cash flow
Therefore split $618.75 debt and $206.25 Buybacks
December 31,2021 Ending Net Debt was $1.410M
Not factoring in increased production I take $1.410-618.75 which gets me $791M at Y/E based on $100 average oil for the year..
In order to average $100 oil for 2022 we need the last 113 settlements to average $97.70
It will be close regardless. Hope that helps
Quietinvestor wrote: After a detailed review of the MD&A, my sense is that they will not hit 800M$ this year if they continue to buy back shares in the next two quarters while paying off debt? Not an issue for me, but what is your sense.
Tx