RE:RE:RE:RE:RE:Sean, please give us a 10 cent dividendWow! I didn't know a one time special dividend of a few percent of annual free cash flow would break this company.
One dividend, NOT dividends. Just one minor dividend of US$8 million will send a buy and hold signal to the market and give us some extra cash in our pockets.
Next quarter all debt will be paid off, just US$13 million left. FCF is close to US$50 million a quarter now without Wassana production and Rossukon royalties. There is plenty of cash.
You make the situation look desperate by stating that they will need all the cash they can get. The company is profitable with excellent cash flow while decommissioning liabilities years away, probably 10 years away or longer given the year over year performance of these wells.
There is plenty of cash now and lots more coming as the company is banking half a million US a day. Just a couple of weeks cash flow for a dividend... not a problem.