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A few more today , incredibly cheap , imo
Definitely into oversold territory with oil at $88pb.
Down, down and down - below £ 15
Letter, full of confidence on the prospects of WDS, will be a great source of dividends over the next 20 years, imo
About to take place here, imo with current oil prices WDS are raking it in
This should be at least £17 per share now, not sure what is holding this back , ??
The increase in Brent these past few days , now making an impact on WDS, should see the breakout into £16 very soon!!!
Price doing very well these past few months, WDS on a run back to £16, imo great time to buy!!!
At the bottom, imo this will re-bound over the next few months, generating significant revenues ATM, !!!!!
In essence this is a badly managed outfit, to have a dividend sitting precariously at 7.7%_8%.
Cuts loom…
Likely true Riffgo, more importantly for me is months [few] for Sangomar coming onstream with c.95% CAPEX complete and >80K BBl/d onstream, all oil. Adds c.7% to production/cashflow plus additions from Argos/Mad dog. Divi is poor right now but prospects strong down the line. I'm keeping a close eye to divest some but keenly aware that prospect longer term is very compelling.
Think there looking further out to 2025... Oil price is in a dip between two highs.
Dividends 70c and possibly 70c later this yr makes a 8.8% dividend yield.
Management should have addressed this in results.
This is going the way DLG, IMB & VODA.
Am I wrong to think this? Or is it just because I have learnt my lesson on high dividend investments
WDS need to slice the dividend in half. This is what is holding back growth.
They need to follow market leaders XOM, CVX, SHEL
Set to go higher, currently $84, tight oil supplies pushing up prices
Badly managed outfit.
Agreed. Looking to reduce here,lot more promising plays on the London market at the moment.
Happy with the Divi, but the real value will come from SP over the longer term from here
Well, way out. US 60c is a pretty carp divi. Might well be looking for the exit here....
Hi damofarl, we will know tomorrow! I do tend to be an optimistic fellow in general, I could be wrong as we all can be. ATB
Geochem; I hope you are right on the divvy range, albeit I feel it'll be around 75p, which I'm happy with, as I'm here for the long term. The investor presentation, an an analysts question on the free cash flow, seemed to flummox them, in particular to the Cos stated free cashflow to dividends policy, which suggested (due to project costs), such would reduce the dividend considerably.
The recent farm outs, and their proportional repaying of proceeding project costs may get us nearer to your projection. Either way we are cash generative whilst growing tomorrow's profits (dividends).
With the Japanese energy giants, future sales secured !!
Incredibly cheap at £15 levels, imo
Thanks Geochem, it didn't occur to me to reread the Q4 Report, I just knew the Final Results mute be due about now and looked at the diary and found no dates for anything! I agree that .90-£1 seems a likely figure for the dividend.
You need to read the Q4 report. Final Results 27-02-24. Divi announced there/then. I'm expecting 90p-£1 range, although OP lower production has grown, again, you need to have read the Q3/Q4 reports. The only issue is the right down on Shenzi but they stated in Q4 report that the event there [write-down] will not impact final divi. It looks to me that they were a little skimpy on the interim given the drop in the OP, so could well be some upside on the divi but as said, 27-02-24 before it comes out in the wash. I'm hoping for an SP rise to >£18.50 but too many externals in play at the mo. OP, Putin, MidEast, Ukraine, POLITICS us/uk..... and the list goes on.