RE: Valuation2 Nov 2022 19:33
Don’t forget dividends
The alternative to the sale is just handing the cash over to shareholders. Hurricane said this would likely be a $70mn dividend on the first quarter of 2023 and then another $110mn up to 2024, "with a final distribution of up to $30mn in 2025, following the cessation of production from the Lancaster operations". This is using an oil price estimate of $90 a barrel.