RE:RE:RE:Sagd production start dateI believe so. The SAGD production is not included in the near future revenue models with the exception that its cap-ex does affect the payout and debt ratios as capital is obviously being deployed.
Not really a big deal if you consider that by the time SAGD is streamed into production in 2026 it will have the effect of increasing production by about third at a lower cost per barrel than what is currently produced so you can infer a 30% plus increase in revenue.
That should allow for the funding of the second SAGD project along with some debt repayment and shareholder returns via either buybacks or a div bump or a little of both. Then you are going to really see the share price move up. If it sees that 30% plus traction from revenue beside a 10-12% annual yield and you are looking at a 50-60% ROI over the next two years from here. At 25-30% per year it is not the flashiest return in the market but it appears to be safer than those that offer more and pays out some of it (10-12%) monthly as you go.
And that's if oil doesn't go up at all.
GLTY and all
lnggasfor202324 wrote: Those numbers from all the SAGD land isn't including either in my numbers from my last post from the top of my head if i remember reading that correctly.