RE:RE:RE:RE:What if...It's not really clear in the acquisition deck what happens to bte cash flow in the first half of 2023. Ultimately it's either cash on hand to pay the acquisition or it's used to pay existing debt. And that may depend on the debt terms, paying existing or saving to reduce acquisition debt.
Your 218 fcf number is actually adjusted cash flow. On page 4 of the Ranger acquisition deck you can see both adjusted and fcf. From that I derive a ratio of fcf/adjusted=45%. So a 5 buck increase in wti results in 98 fcf.
We really could use that run around 100 that analysts are talking about