RE:No rush to sellYes, and in this scenario BTE debt would fall by an extra $50M/ month as well. Not too shabby!
WaterDPlants wrote: Buybacks will be increasing at low SP. For every $5 above $75 WTI, cashflow increases by $200M/year. $(90-75) / $5 x 200M / 12 months is $50M extra in cash flow every month – $25M to buybacks. Not bad for the NCIB using $500M/12month = $40M per month already (25/40 = 62% increase in available cash). Overtime, SP should increase as shares are purchased and cancelled.