Post by
1rockit on May 01, 2022 7:04pm
$$ ;
Personally, I'd rather see a lot more barrels per day than an increase in dividends. I didn't buy this to get a cheque once a month for $50.00 . I bought it ( especially knowing there's over a billion shares) for growth. Hoping to see them reach 50 thous barrels per day in the coming year or so . With their north Sea assets we could easily see them reach this number over the next 18 months. I feel the dividend their paying will definitely support the share price from going down very much which is great thinking on the part of management ! Now that they've hedged enough production to cover their dividends and their capital expenditures program of 40+ million. With the huge increase in prices of oil and gas we can definitely see some more growth. This company has definitely checked all the boxes for me as far as an investment. Cheers