Veren Inc T.VRN

If you can't have a decent dividend @74.00 wti

[soundandfury]

When can you have a decent dividend?

[LiquidOctopusV2]

The company has said that they wanted to achieve a 1:1 FCF vs debt ratio before increasing the dividend.  With $74 oil, if it holds, that should theoretically happen this year.  I had estimated that to happen in in Q1 or Q2 next back when oil prices were lower.   The recent rapid increases in the price of oil have really altered the landscape.  

[Moemoney42]

They're also in a bit of a catch 22 situation.. do they buy back shares at this level first, before increasing the divi, as that would cause the share price to rise and buy backs more expensive.. I'd like to see a bit of NCIB buying appear in Q2 of this year.. and a 100% increase of the divi for Q3 or Q4 to 1/2 cent/quarter to start the process of appeasing shareholders a bit as well.. the

[Anschutz]

Sure sure... let's all jump on the NCIB bandwagon.  The same bandwagon this management team used regularly in the past to buy back shares that only served to offset the amount of new shares they gifted themselves through their generous employee compensation plan.  I say hard "NO".  Reinstate a reasonable dividend now and let shareholders decide whether to reinvest in

[Moernoney42]

This post has been removed in accordance with Community Policy

[Moernoney42]

This post has been removed in accordance with Community Policy

[highalpha1]

@LiquidOctupusV2: There is an error in your post. CPG management is not targeting 1x FCF to debt (this ratio would be insane). They are targeting 1x D/CF. What I am poiinting out is that cash flow (CF) is a whole different thing than free cash flow (FCF). Appreciate your comments nonetheless.

[LiquidOctopusV2]

My mistake.