Also where do you see natural gas prices going in 2024 as this of course will be tied to their profits and hence share price?
Do you have any other suggestions with a decent dividend other then AEM and LIF?
Thanks
Jeff
TOU declared a lower special dividend in the most recent quarter $0.50 per share compared to last year of $1.0. Full-year production was up 4% for TOU from 500,832 barrels per day to 520,366 barrels per day. The decline in free cash flow mainly is due to a challenging environment for commodity prices. TOU expects to generate over $1B in free cash flow over the next five years. TOU is a well-managed company, run by shareholder-friendly management, we would be comfortable owning it. TOU also increased its regular dividend. Based on consensus, free cash flow is expected to fall about 20% this year. But of course it all depends on pricing. We would expect gas to slowly rise from depressed levels over the year, but would not expect huge gains. Other high-yield names to consider could be CNQ, IMO.