Disappointing They are talking about debt reduction, but are focusing on year-over-year. Net debt reduction for the quarter is $6 million USD or $8 million CAD.
Shares outstanding decreased by 2.5 million. 4.9 million shares were repurchased, but 2.5 million were issued for stock options and vesting RSU and PSU’s
Production was down about 4% compared to Q4
I wasn’t expecting gangbusters, but this is very disappointing. I need to dig into capital projects and turnarounds to see what I might be missing, but at first glance blah…