Expected Divy in Q1, price is very low. What am I missing? Hey, So BNE is expecting to end 2023 at net-debt of $135-140m, with EBIDTA Ratio of less than 1. This was implied in both the Q3 update and the December update. Which achieves both divy triggers and does not include Montney production, which could in theory pay for a $0.10 dividend by itself.
based on Q3 ending and knowing Q4 only had a budget of 10 m of Capital expenses. The estimates above are easily achievable.
I am expecting Q4 results in February to confirm the above, and a divy in March/April. What are others expecting, and what are your thoughts on the stock price?
I was expecting continued strengthening to end Q1. What am I missing?
thanks everyone!