its 2023 budget and return of capital strategy, focused on free cash flow generation and shareholder returns. Athabasca said it’s planning expenditures of about $145-million “with activity primarily focused on sustaining and growth projects at Leismer, a Montney pad in Placid and routine maintenance across the portfolio.”
Athabasca said it plans to allocate a minimum of 75 per cent of excess cash flow to shareholders. The company said it plans to start a share buyback program in April, the earliest date permitted under its term debt agreement.
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