But that being said, at today’s oil price, which I consider as the sweet spot. We can expecting operating profit to delivery around 70cents per share in dividends, this based on historic and a ~7X% payout. Probably won’t be as high, given the level of capital expenditure in coming years.
best possible scenario is they are able to sell down their current holdings and reduce the capital expenditure. That would be worth more than higher POO
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