RE:RE:RE:RE:new highs for VET as oil headed to 80They don't need to pay 100% for the debt. 45 - 50% from current levels would be sufficient enough to re-introduce a dividend imo. No company has ZERO debt! However, make no mistake about it, it WILL NOT be the payout amount that was previously given under the previous management. . Be prepared for that. So, if your are expecting the same payout as before....you better give up your shares and go elsewhere!
Having said that, if WTI and Brent stay above $70..... 12 months out from now and beyond, I say mid 2022 we will see a dividend re-introduction. I would rather see the shares run up to $18 -$20 before they introduce it.
So, sufficently pay down the debt then it becomes a safe bet!