RE:These prices are ridiculous I agree. I am holding on to be rewarded more. Their guidance is to generate 855 million in adjusted funds flow divided by 266 mil shares and based on a $10 share price is $3.20 cash flow per share.. Free cash flow after capex and .80 dividend based on 10 bucks a share priice is $1.50 per share.
I didn't see any of this is Guido's calcualtions given the fact that the dividend of.80 is very sustainable, so over what, an 8% yield which will be announced on Jan 18th I suspect, that appears solid at $70 US WTI and 3 bucks C NG. Quite frankly I don't know where else we can get this in the O&G industry, maybe TOU. No debt, access to 3 main markets, etc, etc