If you think tonight’s ER will rock, imagine 2023 ? They will further increase their dividend !
And they were saying this without even calculating 100$ + oil!
Dare to dream what this could be 75%, more ?
Phase Three: Increase returns to shareholders
Once Bank Debt is reduced to $50 MM, we will alter allocations, increasing amount allocated to Dividends and also adding allocation to larger ARO and ESG projects.