Nice problem, nice solution PNE will generate about $150 million in fcf this year (after the announced dividend) and be debt free this summer according to Phil. Production is robust as new wells are exceeding projections. Natural Gas prices are sky high. Everything is aligning for PNE (and many other companies in the sector)
The nice problem is what to do with all that cash?
What does this board think they should do with that cash? There are many nice solution scenarios, increase the monthly dividend, special dividend, NCIB to reduce the float, acquisitions, increase Capex to increase production etc?