2015 increasing free cash flowAnother way of looking at free cash flow growth post 2014 is to take McDeps estimate of free cash flow of $.13/share for the quarter ending 9-30-14. This is after $320 million of capex for the quarter. Then add back $200 million for the capex which shouldn't be spent in 2015 per quarter and you increase free cash flow per share by $.41 per quarter or a total of free cash flow available for dividends of $.54. The mcdep forecast reflects estimated production of 300,000 bopd and C$97.71/bo..
If this all happens, and you annualize the dividend to C$2.16 yr or more than 50% increase in dividend capacity in 2015.
This could be huge.