Phase 1 Net Dept Target date predictionSo I thought iit might be fun to take a stab at calculating when that 100mil Phase1 dept level would be reached to help anticpate when that beautiful Divi will roll.
To get grounded company presentation page 3 estimates net debt at 177 mil as of Dec 31.
Then using the presentation page 9 and $85 oil I see Free Cash Flow forcast of 219mil /12 months = 18.25 mil per month going to Net dept. So by end of April (4 months x 18.25) should knock net down by 73 mil to leave 104 Mil Net Dept.
And since Oil has been trading above $85 for XXXX days I'm going to predict Phase1 Dept level will be reached by April 30. And the Divi rolls at 6 cents a month.
They report Q1 results May 12 so that is when they announce the Divi amount according to my crystal ball.
Who thinks a 0.72 cent annual divi will put at least a $7 handle on this by June ?