I think a dime minimum in a very ugly market. If the sector gets going again, then .30 is possible after the NI report imo. Or, split it down the middle, .20 would be good for now.
This NI report is not the end of the story either. They raise funds one of two ways and keep drilling, and a higher compliance is coming in a few months. And a JV kicker is possible at any time it is advantageous to do so. And the more time goes by, the better chance we get thru more of this bear market, and commodities get more recognition. IMO at least .50 is very realistic later this year. jmho.