Post by
4thefunofit on Sep 08, 2022 10:59am
Debt target
By my math we should be in that <400MM but >200MM debt target window. Can someone double check?
Comment by
Mr.Nugget on Sep 08, 2022 11:14am
Not until End of October....announcement will be made in Q4
Comment by
Lizzzy on Sep 08, 2022 12:55pm
They are well under $400m net debt.They had $470m as of June 30th and subsequently received $70m from Viking disposition. Then about $1m per day in free funds flow- should be at about $325-350m net debt right now. announcement of enhanced shareholder return could come any day. Share price will POP!!
Comment by
Abedim15 on Sep 08, 2022 2:11pm
Are you sure that the funds from the Viking sale weren't already included in getting the debt down to the 470?
Comment by
Lizzzy on Sep 08, 2022 2:48pm
Yes, I'm sure, it is stated in their q2 financial news release on July 28th on their website. Page 1. Disposition was "subsequent to the quarter..."
Comment by
Mr.Nugget on Sep 08, 2022 2:49pm
From our firms calculations it looks like end of October. Not sure if your math is correct.
Comment by
PlutusofCrete on Sep 08, 2022 3:23pm
What are your firm's top picks for O&G? Mr.Nugget - (9/8/2022 2:49:00 PM) RE:RE:Debt target From our firms calculations it looks like end of October. Not sure if your math is correct.
Comment by
Lizzzy on Sep 08, 2022 4:10pm
Your firm should hire a new analyst, lol end of October you can read the q3 financials news release stating that
Comment by
Swackaboozy on Sep 08, 2022 6:33pm
I asked that question in the online Q&E session pretty sure they said viking sale was accounted for before 470m debt,doubtful we get below 400m threshold this quarter.Schmitt has plans keeping that money out of shareholders hands.
Comment by
Lizzzy on Sep 09, 2022 11:03am
This is not true at all. It's clearly stated the Viking disposition was subsequent to Q2. Also, net debt will be LESS than $400m in Q3 even WITHOUT the Viking disposition cash because of so much free funds flow. going to be an unbelievable quarter. Buckle up.
Comment by
Mr.Nugget on Sep 09, 2022 5:38pm
3 weeks left in Q3 and no announcement........hmmmm LMAO
Comment by
PunkRocky on Sep 09, 2022 5:56pm
Whay are you here? Oil is going back up. Slither away McNugget.
Comment by
Mr.Nugget on Sep 09, 2022 6:53pm
Oil going lower next week bud! LMAO
Comment by
stocktalk on Sep 09, 2022 9:12am
Your a fool, no firm member nor analyst would be on any bullboard writting dumb false narratives. Don't you have to go upstairs for dinner ?