Post by
Snowballer on Feb 27, 2022 11:59am
Eric Nuttall's Energy Income Fund - Cash on Cash Returns
More accumulation of BTE around the corner as it commences a dividend payment within 9 months or less.
Eric sees yields at high sinle digits to early double digits with an added 8% to 10% via written covered call premiums.
Comment by
forecast123 on Feb 27, 2022 8:27pm
The presentation said 25% of FCF for share buyback starting Q2 2022 and review for next FCF usage in mid 2023 if based on current oil price...It didn't say dividend within 9 months or less.
Comment by
Snowballer on Feb 27, 2022 8:32pm
Yeah I'm clearly speculating we'll see some form of dividend before the end of the year in addition to buybacks... I think we'll be ahead of schedule and if we are funds like Eric's new energy income fund will accumulate BTE shares for the dividend.
Comment by
Snowballer on Feb 27, 2022 8:42pm
if the oil price remains in the high $99's and $100's mgmt could expedite this insensitive by 4 to 6 months. Seems reasonable
Comment by
Snowballer on Feb 27, 2022 8:47pm
to be fair my original post was not clear that I was speculating on the expedited dividend. Thanks for the clarification @forecadt123