Q3 Last week incoming WTI Spot avg $94.44WTI Spot average for Q3 = $94.44 (about the same as Q1 $95.25. Note NG was nearly double Q1)
It will be interesting to see CAPEX for Q3 (normally a bit above Q1)
I would say somewhere around $135M FCF bringing the debt down to $1.020B
I would expect them to crack below the $1b debt level around the second week of October.
I believe they have enough room on the credit facility to wipe out the last of the long-term debt.
Remember those whose said the LT debt was going to take years to get rid of??? I imagine those people are long gone or have new ID's
Note I believe they need to wait until spring next year to eliminate that LTD