RE:RE:RE:AnalystsIt is disappointing, especially the following:
"The Company is updating its forecast of 2024 free cash flow to approximately $235 million from $350 million to reflect revised midpoint 2024 forecast sales volumes of 103,000 Boe/d (47% liquids) and updated operating cost, royalty and other assumptions."
However, they do have a string volume replacement record, and the dividend is secure down to ~$61/bbl per below:
"The Company’s midpoint 2024 sustaining and maintenance capital program, abandonment and reclamation expenditures and regular monthly dividend would remain fully funded down to an average WTI price in 2024 of about US$61/Bbl, assuming no changes to the other forecast assumptions."
As always, in Oill & Gas there have to be assumptions as no one can predict the future. So anything is possible. One thing for sure is that POU is continuing to drill and replace/increase production, something they can control. GLTA