RE:Green when red across the board for energy. 24 year reserve!
lots of rumblings behind the scenes on bne which is probably why it has held in so well during this correction. Some names down 40-50% from the highs while bne off 20%. Very few sellers and tightly held - my guess is they are very close to transacting and using their inflated share price to do it ala wcp. This should be a deleveraging event getting them under 2xdcf meaning they could instill that dividend sooner rather than later.
First to market with a dividend for a company with a rich history in paying back shareholders - shareholders should also be rewarded with both the divy and an increased share price - attracting new investors with the increased liquidity. It's no secret that George has been aggressively hunting for a deal. With the share price holding around $5 and blood in the streets on other names, any deal done through shares should be very accretive for shareholders. If you don't believe oil is crashing and the saudis are just going to let all their hard work be for naught, I think this is one you want in your portfolio when oil rebounds.