RE:RE:RE:RE:RE:RE:RE:PromotionTheRexmember wrote: There are so many things wrong with your post that I am not sure why you bothered.
Dividends do not get paid out of net profits, they just get paid. Oil and gas companies like all resource companies have fairly complicated accounting. So most people value them on cash flow and or free cash flow.
this company has hundreds of millions in tax shelters so free cash flow of 100 million for the year literally means we could pay 100% if mgt chooses. A ten cent dividend is very sustainable.
abandonment liabilities are also way overstated. The portion due in any one year is quite small and the costs keep coming in way under.
how many wells did they drill last year? Under 10 net? How many were abandoned? Hundreds.
I am so hurt that I have been blocked. I won't sleep anymore. LOL what are we in highschool??
I am always amazed at how blind people are. Dividends are to be paid out of net profits.
https://corporatefinanceinstitute.com/resources/knowledge/finance/dividend/
What is a Dividend?
A dividend is a share of profits and retained earnings that a company pays out to its shareholders. When a company generates a profit and accumulates retained earnings, those earnings can be either reinvested in the business or paid out to shareholders as a dividend. The annual dividend per share divided by the share price is the dividend yield.
All of these producers got in to trouble because they were spending beyond cash flow, had no profits and retained earnings were non existent and still aren't but they've been forced to get them going in the right direction. 2021 was the first net profit PNE has ever had not including the impairment reversal. In regards to abandonments liabilities, ask a bank how they see them not a bullboard. Sure they abandoned many p/l's/wells last year, but with money that came from your pocket as a taxpayer. And somehow that is good business? You like paying taxes for that but yet chastise Trudeau et al for other bailouts using taxpayer dollars?? LOL. Truly amazing.
Again, review CNQ financials. If you can't see the difference that they are a profitable company and PNE has not been then you shouldn't be in the markets.
You guys think you're part of an elite club? because you stroke each other here but can't accept and see realities?. I was involved with PNE long before you elite PNE stooges came along but in real life, not on some bullboard. Elite stooges that don't understand how to read financial statements that brag about having "dinner" with Eric N (real maturity written all over him). I had dinner with him and others long ago at a private wealth event. Big deal. What does it mean?
I was right that the stock pop wasn't going to happen. I also said I think the price will drop (right again), it is and will as I said it would but, nobody said a thing. Yet, I omit a clarification, and all of a sudden people are gushing (I'd use other words but they'd be deleted from SH) over each other.
I bought this purely on spec regarding natural gas and the fact they were able to obtain term debt and I could accumulate a significant volume of shares. That's it. Not because of their stellar financial health which was non existent. Not because they used taxpayer dollars for abandonment liabilities which I am not for and never was. I am out now anyway since they didn't announce when the dividend will be and how much. Too much carrot dangling for too many years and they're well behind the curve of others returning capital to shareholders. So enjoy gushing over each other and whispering to each other what you want to hear. Reminds me of the WELL board, where I have been right too and will continue to be. They hate me too while they gush over each other and see butterflies flying around their heads and see unicorns and rainbows in their portfolios while the stock price drops there too...as predicted.
I will be right on my dividend and price/yield predictions here too. Watch and learn.