RE:RE:RE:Debt at YE2024Come on Man, optics.It's not a magic show it's a sh*t show. I guess the sp at under 4 bucks is also optics. What did I say that wasn't true? You are way smarter than that.
ManitobaCanuck wrote:
dllscwbysfn wrote: - So this debt doesn't matter?? So they are not paying off the debt they are only paying the interest. What happened to 50/ 50 split between buybacks and debt reduction ? What happens if the loonie continues to fall? So it also looks like they bought back shares with money they got from their sold asset. They said this would go to debt. Well it might have been the right decision to buyback cheap shares it is not what they said they would do. Lastly they have already announced that production was going to fall below 150,000 this Quarter and now it will even be lower due to the sale. I would like to buyback in but it seems that they better get their s%^t together or pray for 80$ wti and a stronger loonie.
ManitobaCanuck wrote: 6% fall in CAD vs USD ,2.3 bil debt in Sept is now 2.43 bilC$.
They would have paid back 85mil plus 42 mil = 127 mil .
Debt will likely be unchanged because of C$ depreciation .
FCF will be inflated .
Watch the talking heads go crazy that no debt reduction in Q4.
Lol, sky is falling for sure , remind me again , is oil sold in US$ or C$ ? . EF production is sold in US$ at LLS pricing .
The rise in debt is optics .
In actual USD terms debt is down and will be coming down .
Debt appears to be higher due to fall in USD pricing .