RE:Q4 numbers I do agree that it is getting harder and harder to be a believer. Q4 results better be pretty good or that might be quite concerning. I am hoping that the numbers look something like this Debt around 2.3 to 2.4B, Shares around 810, and production around 150, 000.
I will gladly wait another year if we can continue to grind down shares and pay off debt. But if we cant well then I might consider taking my profits and looking elsewhere.
What numbers are you guys thinking might come out?
JohnnyDoe wrote: We're waffling along here, not doing much either way. Debt it too high.
We had an asset sale in q4 that generated 153M. We've got somewhere between 300 -350 in fcf for the quarter.
I think a lot of people are in wait and see mode. I am looking for a substantial debt reduction out of these numbers. 300M ballpark based on asset sale and fcf.
They have to demonstrate that they can pay down debt in a 70-77 wti environment. If they can't the 1.5B debt target is a pipe dream