Debt level Debt has been a problem for 8 years? Amazing that collectively we forgot a massive production curtailment province wide due to a pipeline shortage, the brutal differentials that followed , the huge drop off in both drliling and prices during the pandemic and then summed up our current share price by "too much debt" . I am not poking at anyone. Its a common comment
and yet this company can cash flow 140 million a year at 70 dollar oil. Free cash flowing 70-90 million.
its far more than just the debt. The sector is just out of favor. There are literally dozens of stupidly good bargains in this space. although maybe not as cheap as this one.