There is no confusion except among fiction writers. The divFrom the last (q3) report they made it very clear. OIl needs to be 80 average ALL YEAR and they are paying 100% FFO to div.
At 70 they forecast 8 million FFO. $80 WTI for 31mil FFO.
There are 260 mil shares outstanding. For the math challenged thats 31 mil a year if paying 1 cent per share.
The minimum is $80 WTI to support the dividend. Its very clear.
They also do not have a 5 million surplus. Its 2 million. Not sure whats so hard to understand but the last month is troublesome and they will be cash strapped on that div.
Its all real clear. They forcast a CAD $ at .73 usd, which it is. FFO after expenses. They could not have been more clear. Oil below $80 for one month is a problem. 2 months, very large problem.