RE:RE:Curtis Hicks on BNN this morningMy post on IV:
"
5-10% of CASH FLOW ...not FCF
(I didn't hear it...but i'm assuming OP meant CF and not FCF)
quick run down of numbers:
85,000 boe/year is 31,025,000 boe
40% NG
approx. price split (HH/TTF) of $20 mmbtu
50% oil
10% NGLs
Company is looking at ~ $2.5 billion OCF in 2022 when the gas hedges roll off
5-10% is $125mm - $250mmm DIV
For a company currently worth $1,733,400,000, that's a 7.2% - 14.4% div
That's miles better than 'not bad'. It's F***ing insane good."
divime1 wrote: He just said VET is getting $ 35 for gas in Europe . He called it a Black Swan similar to the drop in oil last year . This time it's good for them . Dividend will be back sooner than later .