RE:RE:RE:RE:RE:RE:RE:RE:2.15 has been hit...Agreed bro...
In my mind, I have visions in Jan 2022 of a 3 cent a month divy.
Doable, only like 44M.
CJ has no hedges for 2022 and will have lower financing expenses in 2022. A 150 cashflow in 2022 is doable.
Could look like:
44M for divy
50M for Capex..15 drilling program should get 1k-1500 BOE fairly easy
50M for debt reduction making ending 2022 total debt in 80M-90M range if we end 2021 at 130-140M range...being conservative.
Our effective interest rate is only 4.4% on bank debt....eventually we are under 100M total debt the divy has too be back on.
minime123 wrote: To my mind, as long as oil stays over 55 US, my shares stays put. All i see in my head are my shares floating in drewl as Q4 was a jaw dropping success.