RE:RE:2024 BTE has 450 Mill Shares, Not Debt, What's the Dividend?I was thinking of giving your mom some dividends too..
Unlucky13 wrote: 558 million shares and 1.2 billion in debt now. That's a big assumption that oil stays above $100 for two years. If it does maybe we get to 450 million shares and zero debt by 2024. As of right now it's 25 percent share buybacks and 75 percent to debt repayment. This isn't the same BTE because of the massive dilution and bank enforced hedges, that's why the share price is $6 at $100 oil. There has been no mention of dividends as of yet. I think dividends won't be considered until 2024 and if the debt is super out and they are still making $150 million a quarter we might see a quarter of that kicked back in dividends. Say, $150 million a year based on 500 million shares, 30 cents per year per share. Which would be incredible if you own thousands of shares like some of us! But not until debt is wiped out.