Shares and DebtSo share count as it stands is 138.5 mil . FD add another 50 mil. One poster likes to use FD shares ok fine. But that means from Option & Warrant Exercise Proceeds we receive 146.8 mil.
So the debt is 550 mil we all agree on that and today it is high, but this company has a huge amount of FCF, so much that they can pay off 200 mil in debt at 80 dollar oil.
Ok oil isn't 80 you say ,so lets use 70, FCF will be 40 mil less. Debt at the end of 23 will be 400 mil, Oh but we have 200 mil shares as one poster likes to say ok debt dropped to 250 mil.,because of the Exercise Proceeds. Oh but wait what happens if oil goes to 90.
Fact is, this is the time to buy this, because as the debt gets paid off the companies EV value drops unless the share price increases.