RE: Dividend stock I was just reading Nawar's seekingalpha report, and it appears I have to adjust my numbers.
Nawar said that Hunton will require $35 million of sustaining capex per year.
So that made me go back to Equal's numbers and go through them again.
Using the most optomistic numbers for today, I come up with a cash flow netback of $12. So on 7800 boed, that would be $34 million annually.
So I guess I have to ask, where is the money to pay a dividend?
And before everyone jumps down my throat calling me a basher, try answering the question.
I am always looking for new dividend opportunities, and EQU looks promising if we can get NGLs back up in price, but today the numbers simply don't seem to work.
I know the reserves are worth more than the share price, but EQU has been touted as a dividend play.
Please show me where I am wrong. Thanks for any help provided.