RE:RE:RE:RE:Fcf yield +60% Currently they hedged oil and propane for about $60,000 per day. I would assume this hedging was for dividents but maybe in part only. $60K per day will give you bit less then $2M per months for the next 6 months..
I must miscalculated 12 months vs quarter, but I was correct about about
quarter. 9 million dollars per year for dividents will give you about 9% interest rate per year . If you buy $10,000 in shares, it will give you about $900 for the year., I would asume the divident per share will be 0.3333 cents plus/minus. I hope they can deliver growth too. They got gain energy for next to nothing with all infrastructure already there.
Is there something wrong with 9% return. It beats GICs. for sure. The Company plans to opportunistically hedge 50% of its oil volumes and 50% to 70% of its gas volumes in order to protect its dividend policy and expected production maintenance capital expenditures.
During February and early March, the following oil and propane hedges were executed:
| Commodity | Period | bbl/d | Type | CAD/bbl |
| Crude | 1/Apr/21 | 31/Dec/21 | 200 | SWAP | $73.70 |
| Crude | 1/Apr/21 | 31/Dec/21 | 200 | SWAP | $75.20 |
| Crude | 1/Mar/21 | 31/Dec/21 | 350 | SWAP | $64.50 |
| Propane | 1/Apr/21 | 31/Dec/21 | 200 | SWAP | $32.45 |
Justhalffull wrote: Ridiculous. Where do you get the $60 per day for dividends from hedging number?
While they have yet to release their Q1 2021 numbers, most estimates for annual FCF for I3 is about $30 million. They have stated 30% of FCF will be applied to dividends, which would mean about 9 million per year, or $2.25 million per That equates to a dividend of less than 1/3 of a penny per share. .