RE:Q4 Results Hey JB, thanks for the compliment. And yes I am very pleased with the results. Honestly I think no divy announcement makes sense, especially with the purchase.
but the Q4 was blowout in production and cash flow. With continued drilling and Montney, they should continue to avg 15200 - 15800 daily. This along with firming prices and solid cost reductions organic and due to TMX startup will lead to a solid spring. Another positive is overspending on reclamations and abondonement in 2023 should make make it so cutting that out in 2024 is possible. To me it looks like they shifted as many costs as possible to 2023, while shifting benefits to 2024.
I expect more divy news in May during q1 announcement, with a divy start in June. It is clear they are preparing for this. So just a bit more patience. And really with oil prices expected to see decent growth, and firming nat prices, BNE is going to have an awesome year. Glad I am a shareholder!