RE: Oil Price / Valuations1 Oct 2022 14:16
Wrong, the current dividend is far from 30% fcf
Its probably around 15% fcf at the moment.
This is fine for now considering they have increased the drill budget for Canada. Along depending on how they proceed with NS after results )
I3E is committed to pay up to 30% fcf but is nowhere near that yet.
They are looking at increasing SP whilst maintaining a dividend where strip prices are constantly fluctuating. However Gas in Canada is still too cheap at $4 should be around $8-10 imho.
They could increase divi again next year to 20% fcf. And still have cash left over.
Exciting times for a growth and divi paying company.
GLA