RE:RE:RE:RE:RE:Canaccord reiterates guidance and $18 targetlol dividend growth at nearly 9% yield? again the risk for freehold more then the commodity price is that drilling activity falls on their US lands particularly, something likely if commodity prices dont improve. in that case, the short cycle nature of shale will see a drop in production.
market telling u that and recognizes the risks over prairiesky and topaz, hence the massive multiple gap which is very justified.
Ocalaman wrote: Except from RBC report after the acquisition.
• We expect continued dividend growth at our current outlook. Freehold remains in a strong position to continue to deliver near-term dividend growth following close of the deal. Based on our updated estimates, this maps to a 2025 payout ratio of 70% at our current outlook (67% at strip), compared to the company's 60% target.