RE:RE:RE:RE:RE:RE:RE:RE:RE:New Acquisition - (quick napkin numbers)
JayBanks wrote:
meritmat wrote: Bit off topic.
What oil price do they need to maintain div
thank you
Sub 70 oil (I'm pretty sure we have posted the company number and guidance in the past 2 months here if you scan back as this issue comes up almost monthly), and the new acquisition helped drive it lower... @ 90 they produce around 13-16 cents/month/share FCF...
We are likely to get an updated number from the company in the next few months...
Just to back the FCF numbers up... as per the last quarterly
@71.56
26.323 M reported FCF after CAPEX
20.357 M CAPEX
= 46.68 M
/ 158.513 M Shares outstanding
= 0.2945 Cents per share
/ 3 months in quarter
= 0.098 cents per share per month
Again @ 71.56 Oil...