Post by
Moemoney42 on Dec 06, 2024 12:55pm
Food for thought
Spin out $2 billion in a special dividend. $13.60/share
Take $1 billion and drill 100 new wells at 10 million a well..
If these new wells can average 1000 bls/day you have 100,000 brls to add to the 30,000 currently being produced.. add in the shut in gas production and 140-150,000 blrs/day isn't out of the question.
Use the left over $300 million for facilities and get in line for LNG Canada's ramp up.
I know this is a rather simple back of the napkin thought.. but I think its a doable strategy going forward..? Anyone care to add their thoughts.. go ahead..
Comment by
WillyGreen on Dec 06, 2024 1:00pm
Agreed. Easily achievable and factor in the possibility of Ovintiv buying nva for $17'a share.
Comment by
Moemoney42 on Dec 06, 2024 2:38pm
That's an interesting thought too..! That would generate another need for a special divi.. maybe that's why management has been buying stock personally..??