Post by
Marky1 on Dec 13, 2020 3:35pm
Dividend
May I ask anyone/ everyone....What does the price of oil have to get to for BTE to restart paying a dividend...My guess is 55$
Thank you
Comment by
Chris007 on Dec 13, 2020 4:08pm
Reimplementation of the dividend has nothing to do with the price of oil, per se...and everything to do with the company's leverage/debt ratios and debt covenants That being said, who knows at what point into the company's deleveraging efforts, that the board will decide that a dividend is prudent...the last time the company paid a dividend was sept 2015
Comment by
2020oilgamble on Dec 13, 2020 4:41pm
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Comment by
topdown99 on Dec 13, 2020 5:22pm
LOL , looks like oilgamble kicked the training wheels off Markys bike and sent him back to the library . There is no substitution for a good education .
Comment by
2020oilgamble on Dec 13, 2020 5:39pm
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Comment by
topdown99 on Dec 13, 2020 7:44pm
I have to ask , was that pizza place in Sask ?
Comment by
topdown99 on Dec 13, 2020 7:48pm
The reason I ask is that around that time I was working on a construction site of a nat gas fertilizer plant and there was a place with that name about 3 kms away from the site .
Comment by
cgyinv on Dec 13, 2020 5:43pm
If, according to your calculation, BTE pays $0.46 dividend, then assum it's 4-5% rate, the sp of BTE could be arround $10, which is GREAT, but hard to believe
Comment by
Marky1 on Dec 13, 2020 5:54pm
I'd grab a 46 cent dividend....do you mean a year, I presume
Comment by
Chris007 on Dec 13, 2020 6:09pm
I think you're mistaking adjusted funds flow for free cash flow (slide 15, Dec 2020 presentation) FCF according to the company's slide is closer to 100 mill at around $47 wti according to the Dec presentation, side 10
Comment by
cgyinv on Dec 13, 2020 6:15pm
Yes I just wonder where this "Up from the base $350MM" $350M came from, I figured they may have TOTAL $200m FCF for $50 oil
Comment by
Marky1 on Dec 13, 2020 5:23pm
When they had their dividend, did they have debt, and is how much as compared to today's debt? 2020...spot light on u
Comment by
2020oilgamble on Dec 13, 2020 5:26pm
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Comment by
Chris007 on Dec 13, 2020 5:52pm
The main reason the dividend was axed was the 2014 oil price crash in combination with the poorly timed acquisition of Aurora Pre-Aurora the company had approx. 800 million in debt (Q1 2014)...fast forward to the immediately after the Aurora acquistion (Q2 2014), debt jumps to approx. $2.3 billion Long term debt as of Q3 2020 is approx.$1.8 billion
Comment by
Marky1 on Dec 13, 2020 6:15pm
Thanks Chris...that was great