Divy is at least for August but how....So we know in Q1 PNE paid 9.5m in divys and Q2 will be at another 4.5m giving divy payments of 14m for first 6 months.
CF we know is 10.5m in Q1
Q2 = ??
Also small capex in Q1 and Q2.
CF in Q2 of 4.5 is needed in just to cover divy and CF in Q2 is going to be lower than 10.5 in Q1.
This isnt considering even the debt repayment or reclaimation PNE needs to do rest of 2024.
So only thing I can come up with in how PNE is paying an August divy yet is PNE monetrized their NG hedges further out in 2025 and 2026 etc.
That would raise some funds.
This is most overvalued energy stock i can think of right now. ITs not PNE fault but sub 1 dollar aeco doesnt work with this busness plan.