Q2 ER div announcement the more I’m thinking about it, the more I’m betting we gets small ‘token div’ beginning again with Q2 ER
the majors will all be raising theirs ....
VET has a deleveraging target of 1.5x debt/FFO.
Given WTI/BRENT/HH/TTF/AECO prices and their phenomenal hedge position (vs other companies), my guess is a 4-5 cent monthly div gets announced at the ER.
Their target is 1.5x debt / FFO, and they are already there NOW with commodity price strength.
12 more moths FFO at these prices is ~ $2.2 billion.
Debt is $1.95 billion
They are WAAAY above their target.
Hence a small div reinstatement PR