I see a lot of folks complaining.
Do I wish the dividend was increased more? Absolutely.
Do I see what they are doing? Kinda yes.
250m a quarter in debt reductions until appropriate debt levels THEN dividend + attachie.
Arc is maybe 3-5 quarters away from 7 cents monthly dividend just from debt repayments going towards dividend. Nevermind the saved costs, synergies and hedges seven generation management was forced to jump into.
Market and commodity prices always a risk but it's a major company with nearly 25% funds/EV. I won't be adding more anytime soon but I'll look to reposition a bit and get up to 100k of these bad boys. Then I'll sit on my hands and wait for the Montney explosion to come in the 20s.
I don't like the near 1% increase in shares per quarter but I will monitor that and will have no issue dumping it all if I see massive inflation in shares. Plan remains strong.
IMHO