Paramount 120,000 boe/day 2024Free Cash Flow guidance in 2024 is 140% more than 2023.
The Capital budget for 2024 is essentially the same as 2023, but production will be close to 25% higher with a higher liquids ratio, (2% more liquids, so higher netbacks in 2024)
The million dollar question is regarding higher future dividends,
I don't see any reason why we would not see higher dividends in 2024. In fact my guess would be in January an increase to 15 cents a share. A 20% increase that is aligned with the production increase, and will only cost 45 million more.
This may be in the cards but companies really don't like to raise dividends and then have to cut them, so the alternative is they could deliver the entire dividend increase in the form of a special!
POU often does year end deals that provide special dividends payable in January.
Last year we got a dollar as POU sold Duvernay assets to CPG. Depending on the Special Dividend we receive in 2024, they may not raise the dividend and we may see a special that is just a little more significant.
2023 was another transformational year in terms of development in North Duvernay, Wilesden Green, and Defition of the Clear Water opportunity, looking forward to see how they are going to pay us in 2024.
POU the best oil and gas Company in the Canadian market place.
IMHO