RE:There is no confusion except among fiction writers. The divlashing wrote: From 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.
$80 based on an annual average would be their language. As of today- from December 15th 2021-December 18th 2021, the annual avg is $97. Are you done postng your BS??