RE:RE:Erics Numbers - I thought he didn't make up numbers?My numbers are not that far off, and really all these full cycle capex decisions that what i am trying to illustrate, and represent decisions not to pay dividends. However the reality is 2024 before you get a meaningful dividend.
I could dispute a couple of those numbers, but generally i agree.
These are the issue that i am concerned about, these all seem like house repairs
- 625 million Full Cycle Attachie Build Out.
- 1 Billion dollars Share Buyback
- 800 million debt repayment
- 1 billion yearly risk management costs (2021, 2022, less in 20223)
These are all items in the way of ARC shareholders not receiving a meaningful dividend in 2024, 40 cents a year if you hang on until 2024.
Is it really worth it or our you better off owning something that will pay you now? If taking care of the share holder is not a priority until 2024, what could come up in the mean time that requires capital and simply pushes the share holder out futher.
Commodity prices do not come with long term certainity.
IMHO