RE:RE:RE:UBS says O&G producers no longer tracing commodity priceon the dividend...
I believe pre-pandemic was .342 per year....
so with 3 acquisitions, including TOG that also paid a dividend....taking into consideration synergies and cost savings, let along WTI/WCS...
0.48 a year....0.04 per month - minimum is my expectation...
WINDGOD46 wrote: That they hedged the oil companies was a smart move; they survived the mayhem when oil hit negative last year with the break out of the pandemic. But the hedge price was not that far from the spot price today. WCP, for instance has hedged 40% of its production at $67 and next year it will be coming off. If 60% of production is still unhedged, the profit margin for this stock this year and next will be substantial. They figure the FCF for next year will be in the range of half a billon and from that they will allocate 20% for the annual dividend and also reduce debt. It's estimated the dividend will be in the three cents range monthly, quite remarkable for a co this size. So cheer on....