RE:Even on Ex-Dividend We LagWith all due respect, this kind of post is something I would have expected to see in Nov or Dec of '21. The CPG board was full of them!
I'm not sure how much movement one needs in a day to be pleased, but from my perspective I am OK with the movement. I am not in this to win a race - I am here to see what the view is like at finish line.
A 2 cent increase in dividend will put us at over 5% payout year over year ay current trade value - that's better than the big banks are paying. Shoot, then dividend even more than covers any margin debt you can apply to it (50% marginable at my institution).
Knock that outstanding debt down quarter over quarter - then what do they do with te money? As long as oil is over USD $100 WCP can more likely than not be debt free within 18 months.
Question, what happens to all that FCF once the debt is gone?
Relax, pick up, keep your average down, enjoy the ride. We'll be at 15-18 far too soon! Then you will wish you would have spent more time and effort figuring out an exit strategy so that you aren't burdened with cap gains =)
churchofnutsacc wrote: There's something seriously wrong with this stock and I don't think a 2c increase in dividend, or getting under $800m in net debt is going to magically correct the problem.