Post by
Sirlostalot on Apr 13, 2024 7:41am
April 11 in person presentation with Brian Schmidt
Wondering if anyone else has seen this , a summary of TVE plans going forward , saw it on twitter on Burnsco , believe it was done with RBC , in reading the shareholder return summary have to say very typical of TVE , no hard date for return of capital thresholds, still going with 2023 debts figures 3+ months into the year , "once hitting 50% return threshold opens the door for strategic M&A activity" and estimates of return of capital to shareholder of 136/102M in 2024E/2025E.through NCIB and dividends. If $37 wti is actually the break even price including the base dividend and go with a price of $77 wti at 60000k BOD (both low) that is 72m per month above break even , any thoughts on where this money goes ?
Comment by
MLEWICKIMBA on Apr 13, 2024 8:15am
Do you have the link? Cash goes to further debt payments or maintenance budget or as cash on hand. I will email them on that.
Comment by
Sirlostalot on Apr 13, 2024 8:44am
My apologies, my computer skills are sorely lacking , I found the summary on Twitter (Burnsco@garquake) seems to be a prominent Cnd oil poster from the maritimes. Think it is from RBC but I did not find the actual interview just a summary, I'm sure you will have better luck.