Post by
ztransforms173 on Apr 23, 2024 4:32pm
Eric Nutttall 'SEES' 2% BASE DIVIDEND For MEG On DEBT TARGET
- so Eric is 'FORCASTING' a $ 0.15 {I AM assuming a $ 30.00 share price to be conservative} PER QUARTER BASE DIVIDEND once MEG ACHIEVES their NET DEBT TARGET of USD 600 million in Q2/2024 ?
- is MEG KEEPING UP with the CENOVUSES ?
LOL !
- that is a ~ $ 164 million PAYOUT per year
z173
Comment by
robert41 on Apr 24, 2024 12:46am
Who cares.....at $80 to $85 oil Meg will be at $50 bucks in a year that's much better than a divi for now let's get that float down in the next year or two and then see about a divi. I'm in no rush to see a sizeable divi.
Comment by
Fuzman5902 on Apr 24, 2024 11:54am
Z well said Economy's of scale matter. All things considered they could be sub 250 mid 2025 then what? ARX , WCP, BTE all did it, sooner or later Meg will have to follow suit. Regards Fuz
Comment by
robert41 on Apr 25, 2024 9:35am
Does Meg really need to acquire to grow? Their reserves are huge can't growth come from what they have? I should look at it closer I guess. Either way Meg's low debt and lowering float and big reserves make it a power house going forward.
Comment by
Fuzman5902 on Apr 25, 2024 4:45pm
True very true indeed, even more so that the DRP {Diluent reduction program) seems to longer be a focus. Regards Fuz
Comment by
Fuzman5902 on Apr 25, 2024 4:46pm
Opps Seems to be no longer a focus