GREY:AVNDF - Post by User
Post by
TimeBuilderon Aug 21, 2012 7:16am
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Post# 20240663
Recap = Bruce
Recap = Bruce
| 2012-08-20 |
DON'T BUY |
AvenEx Energy Corp
AVF-T |
Bruce Campbell |
Junior oil/gas producer that cut the dividend, to his surprise. It has continued to decline to the point where that he has started thinking about it as a possible re-buy at some stage. They were pretty close to the edge as far as cash flow goes and, as well, they are about half gas. If prices stay where they are, they are completely fine. Payout ratio is 65% on a run rate. They could cut the dividend again. He is going to wait 3 months through the shoulder season and if gas doesn’t go down and they haven’t cut, it will probably be pretty clear and they might look at it.
|
Price: $2.840
Subject: CANADIAN LARGE
Bias: OPTIMISTIC
Owned: No |
Will add a few more shares IF the div is cut again....IMHO..TB