Re: Nuttals 2024 $90WTI FCF Yield Pareto Chart:VIA
I think with this new plan that OBE management unveiled today we will see lumpy debt repayment with the bulk in the second quarter that will turn into large special dividends as debt targets are reached.
OBE needs to get rid of their 12% debt. However, they also have a huge land base in both peace river and Cardium, and the growth in peace river is likely the best way to recognize that value sooner for shareholders.
Absent a repeat pandemic, I think prices will stay supportive. A bigger risk may be someone like Trump coming back into office and opening all spigots for oil production in the US.