Comment by
harvester on May 09, 2024 3:44pm
At over 10% with the current share price it's just fine.
Comment by
vwbusman on May 09, 2024 4:42pm
10% is very high - it won't be raised
Comment by
meritmat on May 09, 2024 6:08pm
Can't be raised. There packing on debt to build that new sagd plant.
Comment by
Keyplan on May 09, 2024 7:50pm
Hmmm 116 percent payout ratio, what are the thoughts on this?
Comment by
Divypro on May 09, 2024 8:30pm
Anybody looking for a divy increase is dreaming until 2026. As far as the 116% payout ratio, it is fine due to the limited capex in q2 and they have excellent drilling results from q1. They also reduced their 2024 capex budget so debt will be reduced throughout 2024 as long as oil prices stay up. Fantastic q1 results in my opinion.
Comment by
meritmat on May 09, 2024 8:38pm
Yup. I'll be happy if there's no cut. We want oil to stay around that 80 bucks plus.
Comment by
pkrash on May 09, 2024 8:39pm
Payout ratio increased because capex increased. SAGD project expenditures. All known. Not an issue.