RE:Presentation 2021 & 2022Thanks BaySt. Yeah while nothing is in stone, I think the communication up until this point had many thinking divis were a very real possiblity sooner than 2024. While we could see something late 2023 it just really came as a surprise to me.
BayStreetWolfTO wrote: I have reviewed them and the statements made are below;
2021 Presentations all stated the following
Enhance Shareholder Returns (2022-2025)
• Consider introduction of share buy-back, dividend and/or reinvestment for organic growth
2022 Presentations all stated the following
2022 Uses of Free Cash Flow
Expect to hit our initial net debt target of $1.2 billion by mid-2022
Upon reaching our initial debt target, we anticipate announcing a plan with respect to direct shareholder returns
• This could include using a portion of our free cash flow for share buybacks and/or a dividend.
• In addition, we will continue to strengthen our business with the objective of further reducing our net debt.