Post by
Helloworld on Jun 28, 2022 5:06pm
Q2 Result Predictions
With Q2 almost in the books any predictions around whether a dividend will be announced? From all their presentation notes they have stated that when debt to CF is below 1 on quarterly basis FCF will go to dividends and debt. Q2 I believe should be around 50M (25 to 30M FCF) cashflow and debt would be 150M, making the ratio 0.75. Anyone who has followed YGR over a longer time period have any thoughts on what we may see announced? As a basis if they allocate 50% FCF to dividends it would be close to 50 million a year in dividends. With a 10% yield would mean stock price around $6.
Comment by
EntngledOutlier on Jun 28, 2022 7:16pm
They have been pretty consistent in their intent to initiate dividends. So if not announced with Q2 earnings, definitely with Q3. And as much as I don't usually care about dividends, I am for anything that might cost shorts some $ since they don't seem to particularly impacted by market fundamentals.
Comment by
kavern23 on Jun 28, 2022 11:36pm
Any of these companies whether it is Cardinal or Yangarra, should be using a 85 WTI price and 4.50 Ng price in future divy calculations for 2023. That is the number Whitecap used in the buy of Imperial's assets. Using 100 oil and 6 ng for a basis of a divy is foolish. Keep paying down debt.