Post by
jd43xl on Sep 14, 2014 8:55am
new dividend ???
If we assume that Mart and their partners can get to 30,000 boed once Umugini is operational, what would the situation look like?
If we base it simply on Mart's 50% share, as anything above that is simply to pay back money Mart has spent on drilling, we would have 15,000 boed. At a $65 netback ($100 brent) and moderate theft rates of 8.5%, we would get an annual gross return of $320 million. Subtract estimated production costs of $50 million, G&A $20 million, taxes of $40 million (rates go up as production increases), and corporate expenses of $10 million, we end up with $200 million, or 55 cents/share.
So surely, they could afford to bring back the 20 cent dividend, as they could use the other $126 million/annum to finance any possible new acquisition.
Comment by
wynner on Sep 14, 2014 12:32pm
Maybe next year. This year we should see $4 and a good QTR. Lets go Marters
Comment by
jd43xl on Sep 14, 2014 12:55pm
MMT is not going to $4 by the end of 2014, so why post something so stupid? But with the possibility of reinstating the old dividend, $2+ is definitely doable. That is good enough for now.
Comment by
wynner on Sep 14, 2014 7:30pm
There is JUST as much chance of getting to $4 bucks as getting Wade to retract his statement of raising the dividend WHEN they are in full flow next year ...Maybe early next year if we are lucky. I may be crazy but at least I am sure.I will admit to having done a few stupid things in my youth.
Comment by
jd43xl on Sep 15, 2014 8:46am
So you are saying there is no chance of getting to $4?
Comment by
wynner on Sep 15, 2014 9:09am
I'm saying a 20 cent divi at $4 is 5% .......That is more likely .$2 then $4 sorry Captain Obvious.
Comment by
jd43xl on Sep 15, 2014 10:38am
I don't know about anyone else, but that makes ZERO sense to me. Try speaking English?
Comment by
wynner on Sep 15, 2014 11:33am
I guess going up the mountain didn't make you wiser........still just a wiseguy. Ihave more but not better... Yoda