RE:RE:RE:Simple and to the point ! Agree and funds from WTI over $80 can go to the NCIB lowering the overall dividend cost.
It will suck if something unexpected happens and WTI falls below $80 for an extended period.
Still long.
Roscoe747 wrote: Gear needs $US80 average to continue to pay the dividend from free cash with the current capex. WTI is most likely to average $90 or more especially since Europe will be dry of supply in spring 2023 whereas they began 2022 with a head start from Ruskie product.