Post by
BarbarousRelic on Jun 18, 2021 10:24am
Hedging
I sure hope OVV hasn't bungled their hedges again, because with WTE at $72 they have potential for a monstrous quarter.
Pay that debt, and right the ship...
Comment by
Margin321 on Jun 27, 2021 12:14pm
They have bungled their hedges and will have big non-cash losses. But they still should have plenty impressive free cash flow, with a number of good places to put it to use. Paying down debt never bad. Buying in shares never bad (unless they just go to management via option grants). But at some point a meaningful dividend hike should be part of the equation.