Post by
JTDOUBLE on Jun 20, 2022 12:41pm
FFO is 45 cents for 2022..
Variable dividends of 30% this should equate around 13 cents annually..
Easily could have 1 cents monthly dividends ..
As May indicates the continues of drilling and company expected more revenues to follow as indicated on the recent June update..
Once the Wildmere Sparky well is complete, Gear will have successfully drilled nine wells so far this year. With a 25 well program currently planned, operations are moving along as expected. If oil prices continue to remain as strong as they are currently, I would not be surprised to see Gear break some new records in the future.
Comment by
Roscoe747 on Jun 20, 2022 4:38pm
FFO is Funds From Operations, not free cash. The dividends are estimated as ~30% of free cash. The company estimates this as $.07 for 2022. Free cash is FFO less capex and ARO obligations more or less.
Comment by
JTDOUBLE on Jun 20, 2022 7:25pm
The 7 cents estimates is base on a 98 cents wti so given most production are unhedged this could easily climb tk 13 cents .Using forward market pricing as of May 3, 2022 (remaining 2022 WTI of US$98 per barrel, WCS differential of US$13 per barrel,