I think even the most bullish know it cannot be treated as a normal, recurring dividend stream designed to grow over time. These are designed to grow some of the time and shrink others. It has to trade at a higher yield than conventional dividend streams - what kind of yield delta is what the market seems to be working through.
How do you think market participants are risking that dividend piece as it relates to forward strip expectations? Ie. back end of strip coming down and associated flow through to div sustainability
I think even the most bullish know it cannot be treated as a normal, recurring dividend stream designed to grow over time. These are designed to grow some of the time and shrink others. It has to trade at a higher yield than conventional dividend streams - what kind of yield delta is what the market seems to be working through.
How do you think market participants are risking that dividend piece as it relates to forward strip expectations? Ie. back end of strip coming down and associated flow through to div sustainability