Post by
Baystboy07 on May 05, 2022 7:07pm
What I like and don’t like
1. Good overall results...net backs up significantly and will get better and rest of crappy hedges are pretty much done..."majority of the Company's mandated fixed price crude oil hedges for 2022 expiring in less than two months"
2. Previously they said net debt target of $250 to $265 million would be achieved before mid year 2022...now they are saying q3 2022...assuming this is because of the land purchase they did eating up cash.
3. dividend is nice...reasonable yield but not stupid high
4. I do not like they did not provide a better outline of the cash return like other do and that they were not specific on institution of an NCIB.
I think it is 50/50 if there is a positive reaction...will really depend on the analysts...if oil prices hold i think there will be much more clarity on further shareholder returns after Q2
GLTA
Comment by
masfortuna on May 05, 2022 8:50pm
Umm...July is actually mid year and part of q3. So when they report q3 in November they will report taht they reached their target of mid-year. Hope this helps.
Comment by
Baystboy07 on May 05, 2022 10:23pm
Read the January 17th press...they say before mid year 2022 directly in that pres release...so learn to read...and you were the one that made the original comment...so keep your mouth shut and don't call people out if you can't accept the critique back...
Comment by
masfortuna on May 05, 2022 11:45pm
It says "estimate". That's why I am saying July is pretty close to June. Anyhow sell if you are not happy but stop mislrading people.