Post by
egee on May 05, 2023 11:58am
Q1reporting
Not expecting much to report but forward outlook from company will be interesting
maybe hints on m/a plans
murray might be getting itchy fingers
Comment by
TheWokeLemming on May 08, 2023 8:35am
Hoping they just keep the ship steady. More debt payment and an update on the buybacks, which may be nothing bought for many months now. What we really need is WTI to get into the mid-80s. Until then just keep collecting the divvy and pounce on these macro-related pullbacks.
Comment by
vwbusman on May 09, 2023 6:30am
There are no buybacks - in their investor presentation, debt repayment is the number one priority. Given the poor pricing of oil in the first quarter, I would be surprised to see any debt repaid in the quarter - it will likely be just a "kick the can down the road" quarter
Comment by
riski on May 09, 2023 2:37pm
Poor pricing in Q1? If Q1 pricing can't make things work for your investment, then it's probably time to look for a different company to invest in.
Comment by
egee on May 09, 2023 8:54pm
I'll, I'll,take those off yer hands if need be.
Comment by
vwbusman on May 10, 2023 9:32am
Uhhh - simply pointing out that average WTI price in the first quarter was not great (below the budget figure from Cardinal) therefore - don't expect anything from the Q1 report other than dividend maintained, zero share buybacks and if we are lucky, a small amount of debt paid back. Don't forget - they did not pay any debt down at all from Q3 to Q4 2022
Comment by
egee on May 10, 2023 12:36pm
It was cheaper to not reduce debt