Post by
PreludeSH on Nov 02, 2023 6:14pm
Net Debt at $286M...$250 Target
Net Debt was reduced by $25.5M to get us to $286M. We are still $36M away from the next Target Debt level of $250M.
Hope $36M can be paid down by end of Q4 this year
Comment by
vwbusman on Nov 02, 2023 6:18pm
That was a good chunk of debt paid off in Q3 - 1.5 more quarters or until the debt target is hit - this is reasonable - all in all a good quarter
Comment by
masfortuna on Nov 02, 2023 6:24pm
It's possible that they hit 36 million to pay down debt but it will be tight. q4 is usually a good quarter and oil has been up in q4 thus far. all in all no surprises and a good quarter.
Comment by
zinger99 on Nov 02, 2023 6:57pm
Great quarter!! With half of Q4 already complete and WTI prices averaging well above Q3 average prices, we should be well on our way to a great Q4 and the next debt target! We should also see better ave production in Q4 with any luck!!
Comment by
Playacar on Nov 02, 2023 7:04pm
Am I wrong. With there recent refinancing. Isn't there an extra 10 million. Apply this to there bank debt and they should easily hit the debt target
Comment by
Baystboy07 on Nov 02, 2023 8:37pm
Target is "net debt" which is inclusive of convertible debentures. Look at the reconciliation near the end of the press release.
Comment by
befree on Nov 02, 2023 7:04pm
will be tight / is possible / oil 85 plus nine point 9.5 million shares says alot hopefully Paul stays focused befree in the maritimes