Standard Chartered Bank -- MAY/JUNE Record Oil Consumption1. When that happens oil is over 90 bucks for sure and any weather issue or technical outage and we are at 100.
2. TVE price expected price appreciation based on debt levels tumbling again and on share repurchases.
3. The outage when fixed will also help.
4. At $899,999,999 CAD in Total Debt at 8% interest we are looking at interest payable costs 72M CAD down from more than 100M CAD last year. That is enough for an enhanced dividend of $0.06 Cents per share or 8M Shares Bought Back.
5. 72M CAD in interest costs are covered by 13 days of sales so you can see the trend on debt will mean more money for shareholders.
I am expecting 5 bucks a share by June 30, 2024.
ML