No Dividend Ever1. It will hurt the stock price
2. Any dividend outlay takes away from capex, buybacks, debt reduction
3. If you want or we want a six dollar stock no dividend can be paid for the foreseeable future.
If you own ATH:
You want the following;
1. 28k plus Leismer production at 5 bucks a barrel cheaper perfect for TMX flow.
2. 500m cash flow, 175m capex, 325m free cash flow
3. 325m free cash flow means this.
*** shares go down in 2024 by 40m more
*** DEBT goes down to $125m usd next year
*** Cash on hand -- 400m cad approx at year end.
Then I expect a $100M SIB if oil $85 and diff $12
Oil price obviously important