Post by
Squint1 on Jul 26, 2023 6:58am
Q2 results
(1) Cash flow per share up by 6.71% from Q1
(2) Production for Q2 up by 11.31% over Q1
Comment by
Moemoney42 on Jul 26, 2023 9:09am
Yup and there's that special divi I was talking about.. suprised me with it for Q2.. I was thinking Q4 but I'll take it.. and another one in Q3 & Q4 if they're so inclined.. NICE..!! ;-)
Comment by
Moemoney42 on Jul 26, 2023 9:40am
Also of note for Q3 that July has already provided higher crude prices than the last 2 months of Q2.. so.. if these prices hold or move higher those price targets could easily be met.. IMO.. ;-)
Comment by
JohnnyDoe on Jul 26, 2023 10:20am
Higher prices, higher production. I think the special divvy could be a lot better next quarter
Comment by
Seppelt on Jul 26, 2023 6:40pm
I was surprised by the special dividend, thought that any free cash would go into debt reduction. Small change anyway, it will cost the company about $20 million. If oil prices, as expected, stay strong in the second half this co will generate tons of cash, enough for significant debt repayments.
Comment by
Skylar1 on Jul 26, 2023 7:50pm
I think forget the dividend and pay down debt , it's very costly with the high rates , once the debt is gone the stock price will be double or triple than pay all the dividends you want.
Comment by
dandu1924 on Jul 26, 2023 8:35pm
Pay down the debt, buyback did change nothing about the share price still at the lower price before 2022, and for now I prefer to get my dividend and get ready for the next breakout and I will be out for sure because too much is too much, in this oil sector. Too much bla bla bla and lies, lies, fake stuffs ect, this is the jungle, not the fair stuff.
Comment by
dandu1924 on Jul 26, 2023 8:47pm
20 millions this is the peanuts for this company and they will make a lot of money not millions but BILLIONS, so stay grounded.