RE:24 cents a yearGood analysis, MHP. But what are your thoughts on getting the overall 2-plus billion in debt down before returning more cash to shareholders? Don't get me wrong, I love dividends and enjoyed ARC's immensely before last year's reduction, but it would be nice to see that fall into line beforehand over the balance of the year etc.
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MyHoneyPot
The company just cut 45 million a year in corporate expense in the merger, that is about the same a what ARC will pay in dividends to holders of 720 million share of New Arc in one quater.
This is not a meaningful dividend and before the company figures out how to pay their executives more money they should get this dividend in the reasonable range.
I vote for a dollar a share, that would be about half of FCF (60 dollar oil), i think that is reasonable.
IMHO