RE:Eric Nuttall March 2the prior return of fcf was 25% until debt target acheived. Now is 50% until debt target achieved. So, whenever that is acheived fcf increases 75% for future.
FYI:
Nuttal was VERY likely consulted on this deal they need him to support for merger, not agitate against.
As well, he wants long reserves. These oil stocks will not grow production by exploration. Just stay flat and pay dividends. My guess is he will transfer most of his shares into the income fund at ninepoint after oil settles at a balanced level in few years.
Boomers what income. Oil stocks will be like tabacco stocks are. Maybe maligned but great, steady dividend payers. Exploration is not really a great strategy in the longer term in planet is determined to go " green".
Taxman out.