RE:RE:RE:what a disappointing release of Q1 earningsIf you listen to the call when Eric asks the question, he asks Baytex if they will be doing a 75/25 split in 2023 and compared cve returning 100 percent.
Did they tiptoe around the question, a little. They are not commiting to it just yet as they want to see their position and how it unfolds next year. If you also listened to the full call, Ed explains after being asked another question that they like to be conservative so that they can keep surprising to the upside. Hence basing 2023-2026 with $75 wti.
I just dont understand how this is bad news. CVE has 2 billion shares outstanding, Id rather think they fix that problem first before increasing their dividend.