Q3 Special DivMoeMoney posted a few days ago about the possibility of another special div for Q3. I think there will be one. I suspect that for Q3 CPG is executing the NCIB on the basis of $75 WTI average over the quarter. It looks fairly likely that WTI will average more like $80 WTI over the Q3. The extra $5 /Bbl (say $6 Cdn), is likely earmarked to go half to debt and half to sharholder returns. Assuming the NCIB will be executed on the basis of the $75 Wti, that means that $3/Bbl Cdn will be available for special div to honour the 50/50 split commitment. That figures to about $30M for a special div of 5.5 cents per share. Probably I'm optimistic, but here's hoping. GLTA.
BTW, Eric Nuttall is mkt call guest on BNN this Wednesdayy.