RE:RE:RE:May 2024 Q1 ER$1.00 would be very sweet and I have no doubt it'll get there in due course.
As for pom poms, Pooh Bear can use as many as he can get his paws on right about now. He's pumping pretty hard these days over at the board for his current fixation!
Quintessential1 wrote: I totally agree Trapped! "Taking their foot off the gas" now was perfect timing and I couldn't be happier about the limited buybacks just keeping up with management incentives and keeping the outstanding share float to under 600 million. Honestly, I don't know who is selling this stock but I believe that when they do under $25, ARX is buying as that is their new threshold for below intrinsic value IMO.
As for divy bumps I see 3 scenarios possible.
1. The promised "at least 10%" annual bump that I will be very disappointed if it isn't at least that much.
2.A measured and reasonable bump in the 20%ish range as Trapped has put forward and is most likely
3. The "WISH". A bump to $1 even per year and yeah, it represents an over 47% increase but only coming to a 4% yield at this share price. Not out of the realm of posibilities given the reduction in buybacks and "Committed to return essentially all free funds flow to shareholders" commitment as per the investor presentation page 5. How is that for POM POMS pooh bear?!
GLTA ARX BULLS
Trapped wrote: Hey Rus. I keep reading that Q1 could be a bit of a tougher slog for gas-weighted producers due to lower NG prices over the winter. That said, ARX is diversified with Condy plus oil and their strength with gas marketing has historically produced solid results in times of relative weakness. Also, many analysts are forecasting a production beat, which could help.
With recent SP gains sending the dividend yield below 3% and the pace of buybacks moderating, I really believe they're going to step up next month. Conservatively, I can see the dividend being lifted from .17 to .20 / quarter. It would be a respectable increase and anything less would be insignificant in my opinion. Here's hoping!
Finally, the buybacks are such a massive success story. I've seem some accounts on Twitter/X criticizing the smaller buybacks this year and they're being really shortsighted as far as I can tell. To me, ARX gets a pass for taking their foot off the gas when you consider that they did all the heavy lifting when it mattered most: in the mid-teens and before the punitive tax kicked in. 125-million-plus shares and counting since the initial post-merger NCIB. Legendary!
Cheers and GLTA ARX bulls!
ReitsRus wrote: Quint and Trap what do you think about next Months Q1 ER, what would you think a reasonable Divy increase would be, they should be able to afford a nice Bump?