Post by
JohnnyDoe on Apr 27, 2022 7:38am
Cenovus beats estimates, triple dividends
I think the Cve results are indicative of what we're going to see across the sector. On the divvy, they are now paying 42 cents a share annually and have indicated there's plenty more where that came from. The 42 cents is sustainable at 45wti To a point I made last week - some of these companies are about to start returning significant money to shareholders in dividends. I think those that don't are going to have their share prices punished
Comment by
BayStreetWolfTO on Apr 27, 2022 7:49am
100% Correct JD. While everyone has talked about the FCF impact....2022 people will start toreally understand. It will be an exciting couple of weeks for Cdn O&G For Baytex Debt, Buybacks and let me know when they feel we hit that $800M target for dividends.... Where are we end of 2022 at these prices...
Comment by
Maxmoe on Apr 27, 2022 11:21am
AND they bought back $1 billion worth of stock. AND they paid down debt by $5 billion over one year, AND they are in the middle of a $1billion refinery upgrade, AND they grew production marginally. High torque producers without the downstream assets like BTE, should report even better results. Buckle up. One more sleep.