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AvenEx Energy Corp > AVF earnings release

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Post by thomas35 on Mar 29, 2011 7:20am

AVF earnings release

From TD Waterhouse:

AVF's next earnings will be reported in 1 days.

Upcoming Recent

3/30/11

Q-32768 -32768 Earnings Release

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Comment by thomas35 on Mar 29, 2011 9:08am

So much for TD Waterhouse. AVF released their results this morning&excl; https://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=8107952

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Comment by gwplant on Mar 29, 2011 10:15am

I am ok with the numbers only 2 months built in of White Plains acquisition and the payout for the Q was 61% and then they made this statement..."The Corporation paid an initial dividend of .045 on January 22, 2011 and monthly dividends of .045 are projected to be paid on the 15th of each month for 2011. The AvenEx board of directors reviews the dividend level monthly. Based on current ...more

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Comment by Capharnaum on Mar 30, 2011 2:12pm

The funds flow per share was .27 for the quarter and I think they can move it up to at least .30 per quarter. Paying 0.045 cents per month makes it a 50% payout going forward on Q4 funds flow.Plus, the CapEx is spent on increasing the oil portion, so I think they have legs to move forward with a potential dividend increase for next year.

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