RE:RE:RE:SURGE = $350,000,000 CASHFLOWS 2022, $12.75 PTMorrisminiman... here's what PC said in his presentation...
It is Surge's intention to institute a dividend using ~$30M to $40M of the $130M FCF that has been generated thur far. If we use today's closing price of $6.35 p/s, then his reference of an 8% yield would translate into ~$0.52 p/s annual dividend or $0.13 p/s quarterly.
Of course it might be a one-time "special" dividend of $0.52 in May, but I'm thinking the prior scenario is what they are suggesting. I would imagine as long as oil stays in its present price range, the dividend is easily sustainable.
I certainly do like his reference of the NAV of $18 p/s... bring it on!