This quarter it has been decided that the dividend will stay the same, 40 cents, split equally between the two new companies.
After that, Cenovus intends to pay 3-4% and ECA 2-3%, in line with peers.
I would guess for Q1 that will be 15-20 cents for ECA and 20-25 cents for Cenovus. Best case (we get a raise) would be top end of the range for both, or 20 cents for ECA and 25 cents for CVE. Dividend rate and dividend policy will be set by respective boards.
Thanks, margin. Something not discussed at all is renewable energy. Natural Gas could fall under this catergory. Gases are always produced by the inner earth and pubble up to the surface. I have been thinking about this for a long time, but never had the nerve to bring it up for discussion.
Just how were the current natural gases produced ? Is Natural Gas a product of our earth or some vegetation burried 1000s of years ago ?
This answer to this matter could lift or kill Natural Gas investments.