Post by
Sirlostalot on Jun 06, 2022 8:39am
Nuttall Out
Dividend of 5 cents a month is about $ 7.5 m a month covered down to 55wti ( includes capex and debt repayment), at 100 wti On 20k barrels a day there is an additional $ 27 million a month ( 45 x 20 x 30 ) This seems insane , a very comfortable 20 percent dividend . Am I way off here or missing something ? Why would Nuttall sell this
Comment by
Re1ndeer2 on Jun 06, 2022 9:11am
My logic exactly...I see $ .11 divi by year end and approaching debt free status.....
Comment by
geric on Jun 06, 2022 10:09am
Eric sold it out of Energy Fund but he likes the divvy so my guess is he will be buying for the Energy Income Fund. Did the same thing with WCP.
Comment by
gmf1001 on Jun 06, 2022 12:47pm
one option is that he has sold it in his primary fund - but might buy it in his new income fund. It's a smaller fund, so can more easily deal with smaller market cap plays like CJ and the growing dividend approach would fit the income fund much better.