RE:RE:oil price and over reaction?Now Scarlada, I've talked to you before about incorrectly using the company terminology.
Yes, there is concern about the stability of the dividend at 6 cents. And yes I agree that I would have rather seen a lower base dividend and special dividends.
But, your post here is full of inaccurate noise. Capex and the dividend is 213, not 235. The difference is ARO, only 9 of which they need to spend.
You've then invented this 5 buck a barrel thing to replace the 22,000 a day production. What exactly do you think the capex is spent on? It's spent on maintaining and growing production. They've got approximately 14 years of reserves. So your number here is a complete fabrication. Idk if you simply do not understand or you are deliberately misleading, either way it's a fabrication.
Do you see that year end reserves actually grew in 2022? Notwithstanding that they produced 21K a day, they've got more reserves than they started with?. You know what does that? Capex. Not some fictional 5 buck a barrel thing like you made up.
Get it right if you want to post authoritatively on the company's finances.
Reading AND understanding their presentations and news releases is a good place to start. From there, you can email IR and Lawrence will be happy to fill in the blanks for you. Or you can DM me and I'll answer your questions.
Have a nice day