RE:Anyone calling for Ath to pay a div Those companies you mention have debt, therefore payout ratio is high.
Sometimes its a good idea to introduce a small divy when you are debt free.
It attracts a new set of investors that mainly buy divy payers (especially debt free ones).
According to latest release...... they are anticipating to finish the year sitting on $370M cash.
Minus the debt, will leave NET cash $155M.
They are forecasting 2024 Free Cash Flow of $325M (assuming $80WTI - $15 WCS diff).
Even if those projections dont come in, if you pay a div of 1 cent/QTR, thats only appr $20M/yr.
So the company buys $20M less shares with the Free Cash Flow.
Its a drop in the bucket.
Or would you prefer mgmt increase their bonuses for the year?
CJInvestor wrote: Just look at the big payers of 2023 CJ Surge etc and see how their sp compared to Ath who focuses only on buybacks. SIB hopefully in 2024.