sclarda wrote: navajojoe wrote
CashGreenGold wrote: "
What do investor's want out of VET ?" 1 word:
DIVIDENDS
I understand the company's focus on reducing debt.. that's what got them into hot water...But I hope when Q4 comes out.. if oil is still around $70... they consider upping the div...
debt should be down substantially.. esp. with the Corrib acquisition
You really don't know what you are talking about, do you?
They already said when the dividend will be raised, and that is only when they get debt down, and by a fair margin.
And what the heck are you talking about, saying;
"debt should be down substantially.. esp. with the Corrib acquisition"??????
The acquisition raised their debt level. How the heck do you think they paid for it?
You talk big, but sometimes I wonder just how messed up you really are.
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"The acquisition raised their debt level. How the heck do you think they paid for it?
VET will be taking over the Corrib acquisition on the first of Jan. 2022. They will not have to pay for it until sometime likely late in the second half of 2022. VET payed 556 million Cdn. for the acquisition. They are estimating that by the time they have to pay for it late next year after subtracting the cashflow they will earn from it until then they will have to make a cash payment of $200 to $300 million depending on when the deal closes.
Taking an average of those two numbers VET will be paying around $250 million cash for the acquisition late next year. Without the acquisition VET will have Free cashflow of aprox. $650 million next year. That means that by the end of the third quarter likely around the time they will be paying for the acquisition VET will have Free cashflowed aprox. $490 million. They can pay the $250 million for the acquisition at that time and still have aprox. $240 million leftover to reduce debt.
VET never increased debt at all for this acquisition. By the end of the third quarter of next year likely around the time the deal closes they should have aprox. $ 240 million less in debt than they will have at the end of this year while having increased Free cashflow from aprox. $650 million per year to aprox. $1 billion.
It appears that the one that talks big but really doesnt know what they are talking about is you.