RE:RE:RE:RE:RE:Realistically how much dividends can CPG pay in 2023?I think with the price of wti around $150 CAD, they can at least be paying out $0.15/month in dividend given debt is at a managable level. If that happens this stock should be at $25+
LiquidOctopusV2 wrote: I think the baseline dividend with a variable dividend on top of that would satisfy, at least, some of the investors with your perspective. I also used to want the div to stay small, I preferred buybacks. I don't worry about it now. I'm confident in my position in this company. I think they're conservative enough.
JohnnyDoe wrote: JamesT wrote: I rather they set it as a percentage of free cash flow. It is a good way to show that the share price is undervalued. If they do it by percentage of share price it will ensure the share price movement remain stagnet.
GermanHerman wrote: My guess is that they will set the annualized divy at apx 5% of share price. Assuming a $15 share price in 2023, that would be $0.75 per annum, or say $0.06 to $0.07 per month. Lots of ifs.
but there again as a percentage of fcf the dividend is variable and hard to plan for. I'd like to see a plan laid out to zero debt and a clear dividend plan that states the price at which the dividend is sustainable. Look at CJ. They said they're paying 5 cents a month and the dividend is sustainable at 55 wti. When their debt gets lower, the dividend will increase. They'll likely get to 7 cents a month sustainable at low 50s wti price.
I'd like to see this kind of clear language from all the oil companies. I find the current dividend to be a bit of a nuisance. I don't own CPG because of the dividend but the dividend they're paying slows the process of getting to zero debt and them being clear with shareholders how much of a dividend they can pay and at what wti price the dividend is secure