RE:RE:RE:Andy Ma- BNN todayI'm good with reducing debt followed by giving me my money back. As far as not being able to afford a dividend is concerned, wth are we doing here if he cant evenpay a dividend? This is what I want to hear from Andy. We are putting all our ffo into paying off debt, when that is done in one year, we are allocating 85% of our ffo to paying a dividend. We will increase production with the 15% of ffo left over. That's a promise of a 15% dividend in a year or so from at ourpresent price. Reword it however you want, but that kind of approach will double the share price quickly. No namby pamby bs. By the way, the corporate presentation sucks. Very little information. I should actually sell but I remember old presentations with a bright future. Is it gone?
Wildcattter wrote: wow clamdigger... you have no idea... Mah is doing it right, until natgas is steady above $2.50... you hunker down, reduce debt build up a war cheast and just wait for the better long term pricing or better opportunities to add tuck in acquistions... you see clam guy, there is plenty of risk in the business of oil and gas so you certainly do not add more risk by being iresponsible and go hung ho throwing hard earned money around with prices for commodities in such a state of uncertainty Dividends? my gawd man check the last year here...lol... the money is tight, divies are a screwy idea right now... a share buybak would be OK... minimal as it would be... they only had $20 mill at tops last year to spend on growth or divies... that is like $5 mill a qtr, not the big cash balance to restart a divy policy...
so a divy youi want? well they did get $5 a qtr so a penny a qtr if that floats your boat..lol