RE:RE:RE:RE:RE:RE:RE:RE:Enercom at DenverI would say Q1-24
Current net debt $1,123M (June 30, 2022)
2022 2H - Debt portion $260M (let's use $85 oil)
2023 - Debt portion $400M (let's use $85 oil)
Ending $463M
That provides $400M to buybacks in 2023 (@ 50% FCF)
If oil is higher just like Russia the timeline accellerates.
At this point i figure I am less than 18 months from that target depending on how Q4 looks for oil prices.
Drifter133 wrote: Glad to hear that they are aggressively still buying back, especially at this current share price! I don't believe they will max out their one year 59MM but still giving it the college try! They had mentioned the 400MM debt as being their goal to start aggressively giving to us share holders. I'm guessing 50/50 split at 800MM debt and at 400MM 75/25. I think that they have plenty of very good land to keep them busy so doubt they try to buy anyone. They did talk awhile ago about maybe partnering with someone to help with their duvernay land and that would be great by me. What are your thoughts on reaching the 400MM debt level if WTI stays in the $85 to 90 range? Second quarter of 2024?