RE:RE:Special dividend Oldnagger wrote: By the end of Q3 , yesterday, Debt is probably close to 1.6 Billion ( not including mark to msrket losses) FFO annualized is probably over 1 billion dollars , and none of the debt will need to be repayed before 2024 at the earliest.
VET is in an excellent position to restart payong dividends !!
Just want to correct my own post <The annual FFO that I calculate base on current pricing is over 1.8 billion and probably even higher as the hedges on European nat gas reduce in 2022
The main point I wish to make remains the same, which is that VET can very easily afford a regular dividend as they have stated, but will also probably be able to either increase CAPEX or Share Buybacks. Either way VET is now a fully functioning profitable enterprise producing indispensable products and deserves to be treated as such by the investment community at large
Any idiot who runs a major public pension fund in Canada and deliberately deprives hard working Canadians from enjoying the massive returns on our own companies, in order to further his own narrow minded goals . Should be fired . One such idiot is premier Legault of Quebec. Who hypocritically trots out his past experience as a business man LOL