Post by
lashing on Dec 19, 2022 1:52pm
There is no confusion except among fiction writers. The div
From the last (q3) report they made it very clear. OIl needs to be 80 average ALL YEAR and they are paying 100% FFO to div.
At 70 they forecast 8 million FFO. $80 WTI for 31mil FFO.
There are 260 mil shares outstanding. For the math challenged thats 31 mil a year if paying 1 cent per share.
The minimum is $80 WTI to support the dividend. Its very clear.
They also do not have a 5 million surplus. Its 2 million. Not sure whats so hard to understand but the last month is troublesome and they will be cash strapped on that div.
Its all real clear. They forcast a CAD $ at .73 usd, which it is. FFO after expenses. They could not have been more clear. Oil below $80 for one month is a problem. 2 months, very large problem.
Comment by
masfortuna on Dec 19, 2022 1:55pm
$80 based on an annual average would be their language. As of today- from December 15th 2021-December 18th 2021, the annual avg is $97. Are you done postng your BS??
Comment by
lashing on Dec 19, 2022 2:09pm
You have no clue what you are going yet continue to be rude. I thought you had me on ignore? Come on hold up your word.
Comment by
masfortuna on Dec 19, 2022 3:34pm
ignore? Oh no. Way to entertaining reading your posts. You do kow that the 5 million I quoted is from the q3 right? And that the divy is taken from the fcf right? You do know what the term "surplus means right? Just checking...