RE:RE:RE:RE:Baytex - Nice Quarter - Waiting for a full combined Hi JD !
I have the same question what are they going to do with this extra FCF ???
At 85$ WTI, Baytex sensitivity == an extra 436M$ annually of AFF.
At the end, it's roughly another 120M$ - 150M$ of FCF !!! After paying 75M$ for the LT Debt what's next ...
They will swim in the money !!!
My answer : Increase dividend for year end 2023 at 0,03 per share it's a 33% increase and probabyt another 25% mid 2024 to reach 0,04 !!!
With this example, they still have remaining money !!
The fun part is, their Div will go higher per share compare to WCP and CPG, that have a price per share above 11$ !
So, do you see what I see !!!
This is my view right now.
Feel free to comments !
GL Longs !