Commodity PricesCommodity price realizations are seen ~8% below consensus, which offsets the higher volumes.
Debt And LeveragePost Endeavor, consolidated net debt is estimated at $11.9Bn, with a long-term $6-8Bn net debt target over the next couple of years, indicating financial leverage above some peers.
Financial PerformanceThere is a suspected 6% miss on EBITDAX, which might be a short-term overhang on the stock.