so ??? what ya think?I had suggested the payment would be about equal to the prior (Dec) payment and it was very close. I had thought it would be slightly higer as oilo prices were a bit higher... but actually the payment was very slightly less.
Dec was $890K
this one is $886K
so, suggesting you deduct the approx $300K per qtr in corp expenses, that is at the high end of the last couple qtrs,... they are actually adding about $600K per qtr.... or $2.5 mill annually... that is only 2.5 cents a share and will not be enough to pay any dividend... at least it would take several years to come up with another dime a share, although they do claim 7 cents a share but that is when they recieve the tax refunds from the CRA, a long slow process. It has taken years to get most back and the CRA still owes NWX money.
That was a pretty good payment... I am strongly suggesting the next payments will be smaller and smaller... perhaps markedly so... Bauer is in decline now! it will decline a lot in the next two years as it heads for a flat line at maybe 3000-4000 bopd down from the 10,000 last reported... this is going to be a big decline and a fast decline... what NWX needs is for the gas bizz to take off, it is showing signs now of impending growth for Beach. natgas can add a lot of production fast! they do get a good price too. However the cash flow from the natgas will not replace the money from crude... it would take a huge amount of natgas production to replace the cash flow from, say, 5000 bpd of crude, which is the decline I think is coming at Bauer
anyway, decent payment, cash is slowly growing... not what it was when they had $20 million and production was going up and oil was $100 a barrel... things have changed a lot. Best do your dd on the new situation here.