GREY:LSTMF - Post by User
Comment by
jdn55on Nov 11, 2013 12:20pm
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Post# 21894317
RE:RE:they usually annouce divdend rate on about the 15th
RE:RE:they usually annouce divdend rate on about the 15th
I thought I read or heard the dividend is secure at least until the end of the year. I'm not convinced they'll cut now either. If I'm not mistaken oil was trading at a much lower price in 2011 as well.
This dividend issue is kind of a catch 22 IMO. How much of a cut is the market going to react positively too? If we cut too much we could see a sell off. If we don't cut enough the market will sell off. Kind of a no win situation. If we were in an ideal world an asset sale of $300 - $500MM and keeping the divi intact or 1 to 2 cent cut should get the SP rocking and rolling.