RE:1st and 2nd quarter WTI prices At 82 they make about $15m in excess FCF above capital/ARO but I suspect a lot of that was front loaded.
People need to drastically slow down expectations. Q1 likely only had about 45M if that of debt paid off. 15M x 3 BUT its lower cause of the front load. Might be $35m. April another $20m. Then they are at $55m by reporting date. By June dividend they will be hitting their $100m target.
I suspect they start with .02 a month dividend starting in June to be safe.
This gets juice later in 2022 if things relatively hold up.
People suggesting 6 cents a month are crazy, I wish it to be true but 0.1% chance. Still a huge gem here.