RE:This is where we gotopdop wrote: NatG/Oil has firmed up nicely.
Chances of that swinging back are extremely unlikely.
The Repsol integrations are largely complete. Further $ ops savings are still to come.
I don't see more Divvy increases.
Rather, in an environment of dropping BoC rates, letting the CapEx appreciate without Divvy increases will still - say in one year - present attractive divvy rates WRT the wider deteriorating interest rate floor we will face 18 months out.
This set of circumstances can present a perfect opportunity for PEY to garner increasing marginal debt reduction(s) and without adding balance sheet stress elsewhere.
And that, there, is what makes this a $25 company (again).
Big picture is I believe a wider Asset / Value re-rating will occur: PEY is a very respected and efficient Biz. For good or bad, moves to become more recognized by the Street (for eg. new Research initiations & simply more institutional Research) will help in this regard.
Agree
PEY prematurely hiked their dividend and they hiked it too far.
Should be $0.06/mo
Rest of FcF to pay down debt.
Debt level here should be 1x EBITDA or less.
We need to tell the banks to Frick off when they call in their credit lines.
Green mandates are Trudeau talk.
That game is over.