A Stellar DIVIDEND vision !My dividend investment thesis for AXL in the next few years !
Simple back of the envelope expression for context purposes!!!!
10,000 boe/day X US$50 free cash flow per boe = $500,000 per day
---$ 15 million per month
--- $ 180 million per year
--- 50 % payout ratio on cash flow with NO DEBT to service !
--- $90 million divided by 280 million shares fully diluted = 32 cents US$ per SHARE Dividend
As Doc Jones would so eloquently say " The Math is The Math" !!!!!!!!
I fully understand why Marshall Abbott stated " The new team came in and worked for FREE to rehab this GEM of a project ! "
Gage Jull, Charirman of the board regarding the Alberta Montnay Gas play.........with 1.8 TCF of nat gas.............." That's extra, we got that for free, from the RTO a few years back"
All I can say is this is going to get very interesting in very short order !!!!
GLTA