RE:RE:$11.00 share price a year from now ????The 50% return to shareholders after hitting the debt target includes share buybacks, the regular dividend and special dividends. The regular dividend is not going anywhere remotely close to 70 cents annually. Maybe 20 - 25 cents by this time next year if oil stays above $80.
The initiation of a dividend for the 1st time by a company is one of the better indicators that the share price will outperform the market. Very nice to see.
Quarterly cash flow about $100 million, or about $400 million a year. Should be significantly higher next year. Compare to market cap of $1.4 billion. Oil and gas stocks are incredibly cheap. If the commodity prices stay strong, there could be huge upside to these stocks. All of them.