RE:RE:RE:RE:RE:PNG restart in Q4Also, the question is how much revenue can they produce with all four rigs operating? My guess is around $200MM/yr (including their petite Canadian ops). At 10% margin, they will earn enough CF to sustain a $0.20/yr divvy (which was their pre-covid amount).
I agree that FY2023 will be the year for these guys to start to rock'n'roll. I'm curious about Q32022 numbers - they no doubt will be the nadir of FY2022. Will the stock price reflect that come November? Notwithstanding, I ended up picking some shares up today - my large (relative of course) purchase was satisfied without hindrance; there's obviously a big seller out there. Well, at least I'm trying to do my part!
Cheers and good luck,
JJ