RE:RE:Initiated a position in AOIcapconstrained wrote: Based upon emails with IR, current projection of USD$100mn in dividends has been stressed under $70 brent. Assuming Brent stays above $70, USD .14 in dividends is a 9% yield at current prices and 700mn shares Fully Diluted after the closing of the Prime acquisition. In addition, you're buying the company at 1.3x projected USD $800mn EBITDA with a 4% kicker in PEL 39 which is currently valued near $400mn based upon Impact buy in. The only negative is current debt load but company believes under levered -- can go to 1x EBITDA comfortably,
Debt load ? Combined net debt is something like 200m.
I'm pretty sure, they'll skip their 100m divi target. They already took the first step and pushed the Impact acquisition into 2025. Then they'll say Capex, Impact acquisition blabla...we stay with 5 Cents.
The only unknown component are the Btg guys. The Aoi board would prefer to give you nothing and themselves more freebies for doing nothing.