Post by
mnztr on Dec 03, 2023 10:36pm
VET return of capital plan update
Plan to increase return of capital once we achieve net debt target of $1 billion, expected Q1 2024
Cut and pasted directly from their new preso
Comment by
Pandora on Dec 04, 2023 12:39am
From the November Update of their Corporate Presentation: Seeing benefits of asset high-grade and debt reduction: • FCF (1) forecast to increase >50% in 2024 • On track to achieve $1B debt target in Q1 2024 • Intend to increase shareholder returns in 2024
Comment by
Moemoney42 on Dec 04, 2023 11:51am
The market sure doesn't seem too enthralled by the press..! Damn those paper traders and their headlines... the tail wagging the dog IMO.. The physical market just can't seem to get a break when the press constantly headlines poor demand, blah blah blah.. meanwhile the global stock piles are at lows in the 5 year average ranges.. talk about a disconnect..!!
Comment by
Abedim15 on Dec 04, 2023 2:36pm
And, a cold start to EU winter yet EU gas price continues to drop. Can't make sense of the smoke and mirrors.